Al KhalijCommercial Bank (al khaliji) QSC said March 30 that it issued aBasel III-compliant Tier 1 bond worth 1 billion Qatari riyals, Reuters reportedthe same day.

The issuance of the perpetual notes will help boost thelender's growth plans, the report said.

As of March 29, US$1was equivalent to 3.64 Qatari riyals.