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Qatar National Bank secures tight pricing on USD bonds as orders exceed $3bln
Qatar National Bank secures tight pricing on USD bonds as orders exceed $3bln

Zawya

time2 days ago

  • Business
  • Zawya

Qatar National Bank secures tight pricing on USD bonds as orders exceed $3bln

Qatar National Bank's (QNB) priced its 5-year USD benchmark Reg S senior unsecured bond at 4.50%, or US Treasuries plus 70 basis points, tightening from initial price thoughts in the UST + 100bps area. Books were in excess of $3 billion, including $100 million in joint lead manager interest. Asian investors made up 53% of the investors, followed by 27% UK/Europe while 18% were MENA investors. Banks made up 48% of the investors. The issuance is expected to be rated Aa3 by Moody's / A+ by S&P / A+ by Fitch, matching QNB's existing ratings. QNB Finance Ltd. is the issuer. (Writing by Brinda Darasha; editing by Daniel Luiz)

Reliance's $40 Billion Gain Fuels Best Run Over Nifty Since 2020
Reliance's $40 Billion Gain Fuels Best Run Over Nifty Since 2020

Bloomberg

time2 days ago

  • Business
  • Bloomberg

Reliance's $40 Billion Gain Fuels Best Run Over Nifty Since 2020

Reliance Industries Ltd. 's shares are outperforming the country's benchmark stocks gauge by their widest margin in five years, driven by optimism over the conglomerate's diversified businesses. Shares of the country's most valued firm have surged 22% this year, compared with a 6% rise in the NSE Nifty 50 Index. The firm controlled by Asia's richest man Mukesh Ambani has added $40 billion to its market capitalization in 2025, contributing nearly a third to the value addition in the benchmark gauge.

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