Bloomberg News

Qatar National Bank Said to Seek as Much as $1 Billion

February 14, 2012

Feb. 14 (Bloomberg) -- Qatar National Bank SAQ, which is bidding to buy Dexia SA’s Turkish unit Denizbank AS, may raise as much as $1 billion from the sale of five-year bonds, five people familiar with the deal said.

Initial price guidance has been set at about 245 basis points above the benchmark midswap rate, said the people, declining to be identified because the details are private.

Barclays Capital, Citigroup Inc., HSBC Holdings Plc, Standard Chartered Plc and QNB Capital are arranging the transaction.

To contact the reporter on this story: Dana El Baltaji in Dubai at

To contact the editor responsible for this story: Shaji Mathew at

Toyota's Hydrogen Man
blog comments powered by Disqus