Qatar Lender Readies AT1 Deal as Sales Boom in Middle East

Qatar’s oldest private lender plans to sell its first Additional Tier 1 bond since 2021 as it joins a spate of issuers offering the risky bank debt in the region.

The Commercial Bank P.S.Q.C. has mandated banks for a planned dollar-denominated perpetual sale of the junior subordinated notes, according to a person familiar with the matter. The deal will follow investor calls starting today and the offering will be subject to market conditions, the person added.