Qatar

Commitments are due for Qatar National Bank's €1.5bn loan on Friday, after only a short stint in the market. The deal is expected to entice a raft of European lenders keen to put cheaply raised euros to work.

Cheap euro loans from European banks are attracting the attention of typically dollar hungry EM borrowers, as Qatar National Bank (QNB) launched a rare offer in the currency.

Ahli Bank Qatar printed its $500m five year bond on Wednesday from a $1.2bn book, demonstrating that there is investor demand for Middle East bank debt at the right price.

Ahli Bank Qatar has tightened price guidance for its debut bond to 265bp-275bp area over swaps, and the deal looks set for success, according to a banker away from the mandate.

Qatar National Bank is turning to euro funding with its latest €1.5bn loan, which was launched on Tuesday.

Ahli Bank Qatar (IBQ) has released initial price guidance for its debut bond, a Reg S dollar benchmark, at 275bp area over mid-swaps.

Ahli Bank Qatar is embarking on a series of investor meetings for its debut bond, a Reg S dollar benchmark.

Strong demand from yield starved eurozone investors has triggered a flurry of MTNs from Middle-East issuers.

Qatar based Ahli bank has established a $1.5bn euro medium term note programme via a special purpose vehicle.

The RMB is now the most active currency used by the United Arab Emirates and Qatar for direct payments with China and Hong Kong, the latest data from the Swift shows. This is despite global expectation of a further weakening in the renminbi.

Qatar has signed its $5.5bn five year loan with 13 banks in the syndicate. The six underwriting banks are holding at least $4.2bn of the loan between them, according to a banker on the deal.

South Korean construction firm SK Engineering & Construction Co has signed a $100m loan for general corporate purposes from three Middle Eastern banks.