Latest news with #EuronextDublin
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
Commercial Bank successfully issues QR 500 mn bonds
TRIBUNE NEWS NETWORK doha The Commercial Bank P.S.Q.C., rated A2 by Moody's, A- by S&P and A by Fitch with stable outlook, successfully issued a 3-year tenor, QAR 500 million Senior-Unsecured Bonds with a coupon of 4.90%. The Bonds were issued under its EMTN programme and are listed on the Euronext Dublin. The successful completion of this transaction underscores the robustness of the Qatari economy and CBQ's strong credit fundamentals. The issuance is the largest local currency bond issuance to date by a Financial Institution in Qatar, reaffirming CBQ's standing as a leading financial institution in the region with strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the Joint Lead Managers to the issuances. Joseph Abraham, Group Chief Executive Officer of Commercial Bank said: 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retail investor bases. The strong investor response reaffirms the confidence in the Bank and the State of Qatar and credit ratings reflect our proactivity in risk management and robust liquidity; both of which are integral to executing our corporate strategic vision.'
Zawya
7 days ago
- Business
- Zawya
Qatar's Commercial Bank issues 3-year bonds at 4.9%
Qatar-based Commercial Bank, rated A2 by Moody's, A- by S&P and A by Fitch with stable outlook, issued 3-year, 500-million-riyal ($137 million) bonds with a coupon of 4.90%. The senior, unsecured bonds were issued under the bank's $5 billion Euro Medium Term Note (EMTN) programme and are listed on the Euronext Dublin. DBS Bank and Standard Chartered Bank acted as the joint lead managers to the issuances. (Writing by Brinda Darasha; editing by Seban Scaria)
Irish Independent
23-06-2025
- Business
- Irish Independent
Ireland lost most from European exodus to Wall Street
Value of companies that moved to the US from Ireland in the past decade is $159bn Today at 00:30 The Irish stock exchange has been the biggest loser from the flight of European companies to the US over the last decade, a new analysis has found. The exodus from Euronext Dublin has included Smurfit Westrock, CRH and Flutter, which have all moved their listings to America. Related topics John Burns
Zawya
18-06-2025
- Business
- Zawya
Islamic Development Bank prices $1.2bln sukuk
Saudi Arabia-based Islamic Development Bank (IsDB) has priced its $1.2 billion five-year US dollar Reg S sukuk at 4.246%. The spread is SOFR midswaps plus 57 basis points (bps), a shade tighter than initial price thoughts (IPTs) at MS+58. BBVA, BMO Capital Markets, Citi, Emirates NBD Capital, Goldman Sachs International, NATIXIS, Societe Generale and Standard Chartered Bank have been appointed Joint Lead Managers. It will be listed on Euronext Dublin and Nasdaq Dubai. (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
16-06-2025
- Business
- Zawya
Saudi-based Islamic Development Bank issues mandate for USD 5-year sukuk
The Islamic Development Bank (IsDB), rated AAA by Moody's, S&P and Fitch, all with a stable outlook, has issued a mandate for a five-year benchmark US dollar Reg S sukuk with IPTs at a secured overnight financing rate (SOFR) with mid-swaps plus 58 bps. Headquartered in Saudi Arabia, the bank, which comprises 57 shareholding member states, said the issuance will come under its 25 billion Trust Certificate Issuance Programme. The sukuk will have a fixed, semi-annual profit rate and will be priced on June 17. It will be listed on Euronext Dublin and Nasdaq Dubai. BBVA, BMO Capital Markets, Citi, Emirates NBD Capital, Goldman Sachs International, NATIXIS, Societe Generale and Standard Chartered Bank have been appointed Joint Lead Managers. Formed in 1975, the multilateral development finance institution lists Saudi as its major shareholder, with prominent member states including Libya, Indonesia, Iran, Qatar, Egypt, Kuwait and the UAE. In March, IsDB raised $1.75 billion through a benchmark sukuk issuance, its first US dollar benchmark issuance of 2025, following last year's three public benchmark transactions. (Writing by Bindu Rai, editing by Seban Scaria)
