Qatar’s Ahli Bank Announces $500 Million 5-Year Debt Offering

Qatar, 18 March, 2025 : Qatar's Ahli Bank has mandated a group of banks for a 5-year, $500 million senior unsecured debt offering. The deal is set to be launched on March 18, 2025, subject to market conditions. The issuance will be carried out by ABQ Finance Limited, a subsidiary of Ahli Bank, which is 47.71% owned by the Qatar Investment Authority (QIA) and its wholly-owned subsidiaries.

This new offering will be part of Ahli Bank's $2 billion Euro Medium Term Note (EMTN) programme and will be listed on the Euronext Dublin. The bank is currently rated A2 by Moody’s and A by Fitch, both with a stable outlook, and the issuance is expected to maintain the A2 rating from Moody’s.

The proceeds from this issuance will be allocated to general corporate purposes. This marks the latest move in the bank's strategy to enhance its maturity profile. Ahli Bank previously issued a similar 5-year $500 million EMTN tranche in July 2021, with a coupon rate of 2%. Over the years, the bank has successfully issued five such tranches.

The deal will see Barclays and QNB Capital appointed as joint global coordinators, while Deutsche Bank, J.P. Morgan, Mizuho, and Standard Chartered Bank will serve as joint bookrunners.