White & Case Advises Bank Syndicate on Debut US$500 Million Bond Issuance by International Bank of Qatar | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Bank Syndicate on Debut US$500 Million Bond Issuance by International Bank of Qatar

White & Case Advises Bank Syndicate on Debut US$500 Million Bond Issuance by International Bank of Qatar

Global law firm White & Case LLP has advised a syndicate of banks including Citi, QNB Capital LLC, Standard Chartered Bank and Union National Bank P.J.S.C. on the debut five-year, US$500 million bond issuance by International Bank of Qatar(IBQ).

The notes have been issued by wholly-owned IBQ subsidiary IBQ Finance Limited under IBQ's US$2 billion euro medium term note (EMTN) programme, which was established on November 9, 2015. The bond is listed on the Irish Stock Exchange and has been rated 'A2' by Moody's and 'A+' by Fitch. White & Case also advised Citi, QNB Capital LLC and Standard Chartered Bank, as dealers, on the establishment of IBQ's EMTN programme.

Dubai-based White & Case partner Debashis Dey, who led the Firm's deal team, said: "This transaction marks the first public bond issue by IBQ which, despite challenging market conditions, was oversubscribed following a strong response from international, regional and local investors. Its successful completion demonstrates the quality and capabilities of our capital markets practice in the Middle East."

Doha-based White & Case partner Michiel Visser said: "The success of this transaction reflects the investor community's trust and confidence in IBQ and, more broadly, in Qatar's economic outlook. IBQ's reputation in the financial community for stability, conservative approach and service quality was also an important factor."

The White & Case team in Dubai which advised on the transaction was led by partner Debashis Dey and included associates Xuan Jin and Sankalp Labroo.

Press contact 
For more information please speak to your local media contact.