DUBAI: Qatar's Commercial Bank launched $500 million in Additional Tier 1 (AT1) bonds at 4.5% on Wednesday after receiving more than $1.1 billion in orders for the debt sale, a document showed.
It had given initial price guidance of around 4.75% for the bonds, which are non-callable for five years.
Barclays, Credit Suisse, Deutsche Bank , HSBC, JPMorgan and QNB Capital arranged the deal.
AT1 bonds, the riskiest debt instruments banks can issue, are designed to be perpetual, but issuers can call them after a specified period.
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