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Morgan Stanley runs Commercial Bank of Qatar's USD1.6bn notes offering

Posted on: Thu, 19 Nov 2009 08:15:00 EST

Symbols: MS, CBQRL

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Nov 19, 2009 (M2 PRESSWIRE via COMTEX) --
MS | Quote | Chart | News | PowerRating -- 19 November 2009 - Morgan Stanley (NYSE:MS) acted as sole global
co-ordinator of Commercial Bank of Qatar's (DOH:CBQK) succesfully
closed issuance of USD600m (EUR403.6m) 10-year 7.5% subordinated lower
tier 2 notes and USD1bn 5-year 5% senior notes.

Credit Suisse (VTX:CSGN) as joint bookrunner of the transaction.

The completion of the operation was announced today.

The dual-tranche transaction generated significant investor interest
with more than 300 investors placing orders in excess of USD6.75bn,
making the offer more than four-times oversubscribed.

The bank issued the bonds via its subsidiary CBQ Finance Ltd and will
use the proceeds to repay a USD380m syndicated loan facility and to
fund future growth.

(USD1 = EUR0.673)

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For full details on Morgan Stanley (MS) MS. Morgan Stanley (MS) has Short Term PowerRatings at TradingMarkets. Details on Morgan Stanley (MS) Short Term PowerRatings is available at This Link.

For full details on (CBQRL) CBQRL. (CBQRL) has Short Term PowerRatings at TradingMarkets. Details on (CBQRL) Short Term PowerRatings is available at This Link.

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