April 12, 2016 / 11:51 AM / 3 years ago

Qatar's Ahli Bank completes $500 mln debut bond transaction

DUBAI, April 12 (Reuters) - Qatar’s Ahli Bank said on Tuesday it had completed a $500 million debut bond issue.

The tenure of the issue would be five years, the bank said in the statement, without elaborating.

The lender, rated A+ by Fitch and A2 by Moody’s, set the final spread at 260 basis points over midswaps, tighter than initial guidance in the area of 275 bps over the same benchmark, Reuters reported last week.

Reporting by Tom Arnold; Editing by David French

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