Qatar National Bank (QPSC) issued $1 billion in privately placed bonds, "sources familiar with the matter" told Reuters.
The notes, which carry a two-year maturity, were sold to a single investor, the Feb. 5 report said, adding that the deal was arranged by Bank of America Merrill Lynch. The Qatari lender did not comment, the newswire wrote.
Banking sources told Reuters that Qatar National Bank could price a public bond in U.S. dollars in 2018, but only after the Qatari government issues international bonds, which could happen as early as the first quarter.
