Swiss Franc bond successfully listed

 

TIDM76YP 
 
RNS Number : 5014X 
CBQ Finance Limited 
07 December 2010 
 

 
 
             Commercialbank's Swiss Franc bond successfully listed 
Tuesday 7 December 2010, Doha, Qatar: The Commercial Bank of Qatar announces the 
successful closing of its public Swiss Franc bond. 
The issue, which raised CHF 275 million, is a five-year fixed rate bond with an 
annual coupon of 3%. The bond, which is the first public bond issue by a Qatari 
bank in Switzerland, is listed on the SIX Swiss Exchange and has been rated A1 
by Moody's and A- by Standard & Poors.  The proceeds from the issue will be used 
for general funding purposes. 
The issue was jointly lead managed by Credit Suisse and BNP Paribas. 
 
 
 
 
 
 
 
 
 
 
-END- 
+------------------------------------+-----------------------------+ 
|                                    |                             | 
| For more information please        |                             | 
| contact:                           |                             | 
|                                    |                             | 
|                                    | Hugh Barker                 | 
| Abdulla Al-Mosallam                | Vice President              | 
| Head, Investor Relations           | Financial Dynamics          | 
| Commercialbank                     | Tel: [phone]         | 
| Tel: [phone]                | Email: [e-mail]   | 
| Email:                             |                             | 
| [e-mail]      |                             | 
|                                    |                             | 
+------------------------------------+-----------------------------+ 
Notes to Editors 
About Commercialbank 
Commercialbank Qatar is the leading private sector commercial bank in Qatar with 
total assets of QR 60.2 billion as at 30 September 2010.  As a full service 
commercial bank, the Bank offers a full range of corporate, retail, Islamic, and 
investment banking services as well as owning and operating exclusive Diners 
Club franchises in Qatar and Oman. The Bank's countrywide network includes 31 
full service branches, including 8 Islamic banking branches, and 140 ATMs.  In 
2009 Commercialbank inaugurated its 22-storey head office building in Doha's 
West Bay area, whose completion represents the Bank's enduring commitment to 
Qatar. 
Profitable in every year since incorporation in 1975, continual investment in 
technology and human capital, together with a strong capital base and 
underwriting capability, provides a solid foundation for continued growth. 
A successful diversification strategy has expanded Commercialbank's GCC 
footprint through strategic partnerships with its associated banks, National 
Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE.  NBO, the 
second largest bank in Oman with total assets of RO 1.9 billion as at 30 
September 2010, has 67 branches in Oman, 5 branches in Egypt and 1 in Abu Dhabi. 
 UAB is headquartered in Sharjah, with total assets of AED 7.1 billion as at 30 
September 2010 and operates 11 branches in the UAE. 
Commercialbank enjoys strong credit ratings of (A) by Fitch, (A1) by Moody's and 
(A-) by Standard & Poor's. The Bank is listed on the Qatar Exchange and was the 
first Qatari bank to list its Global Depository Receipts (GDRs) as well as its 
bonds on the London Stock Exchange. 
The Bank is dedicated to supporting Qatar's community and social infrastructure 
through various Corporate Social Responsibility programmes and sponsorship of 
events such as the Commercialbank Qatar Masters Golf Tournament. 
www.cbq.com.qa 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IODFDLFBBLFLFBK