May 5, 2020 / 1:12 PM / a month ago

Qatar National Bank sells $1 billion in five-year bonds - sources

DUBAI, May 5 (Reuters) - Qatar National Bank, the Gulf’s biggest lender, was set to raise $1 billion in five-year bonds and received more than $3.75 billion in orders for the debt sale, two sources said on Tuesday.

The bank priced the bonds at 225 basis points (bps) over mid-swaps, 35 bps tighter than where it began marketing the notes earlier on Tuesday. (Reporting by Yousef Saba; Editing by Alex Richardson)

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