QCB plans bond

Qatar’s Commercial Bank has hired ANZ and Bank of America Merrill Lynch to arrange a series of fixed income investor meetings ahead of a so-called Kangaroo bond sale, a document issued by one of the banks showed.

Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars.

Representatives of Qatar’s third-largest lender by assets, which is rated A3 by Moody’s, BBB+ by S&P, and A by Fitch, will start meeting investors on Nov 19, according to the document. (RTRS)