September 8, 2025 | Doha, Qatar (The Arabian Wall Street) — Doha Bank, one of Qatar’s leading financial institutions, has mandated banks for the issuance of a five-year benchmark Reg S US dollar bond under its $3 billion Euro Medium Term Note (EMTN) programme.
The bank, rated A (stable) by Fitch and Baa1 (stable) by Moody’s, is preparing the deal as part of its funding strategy. A potential issuance may follow after a series of investor calls and meetings.
The mandate group includes Crédit Agricole CIB, DBS Bank Ltd., Emirates NBD Capital, ING, KIS Asia, Mashreq, QNB Capital, RAKBANK, Santander, and Standard Chartered Bank as Joint Lead Managers and Bookrunners. The Commercial Bank of Qatar has been appointed Co-Manager.
Shareholding and government backing
The Qatari government holds a 23.62% stake in Doha Bank, split between a 17.15% stake via the Qatar Investment Authority and a 6.47% stake via the General Retirement & Social Insurance Authority. This sovereign support provides a strong foundation for international investors.
Recent activity
Doha Bank returned to the global bond market in March 2025 with a $500 million Reg S-only bond carrying a five-year tenor and a coupon of 5.25% per annum. The upcoming benchmark issuance underlines the lender’s focus on diversifying funding sources and strengthening market confidence.
