Qatar Commercial Bank issues first CHF green bond: Qatar’s Commercial Bank (PSQC) has officially launched a debut three-year CHF-denominated green bond, according to a press release. The issuance raised CHF 225 mn at a coupon rate of 1.707% payable annually. The bonds are listed on SIX Swiss Exchange and rated A- by S&P and A by Fitch.

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The details: The bond was initially priced at 130 basis points (bps) but was later tightened to 120 bps in response to high demand, the statement notes.

Where’s the money going? The funds will be channeled towards various sustainability sectors including Sustainable Water and Wastewater Management, Green Buildings, and Clean Transportation. The efforts come under PSQC’s sustainable finance framework launched in 2023 in line with Qatar’s National Environment and Climate Change Strategy.

Advisors: Commerzbank, Deutsche Bank, and Standard Chartered Bank were Joint Lead Managers of the transaction with Standard Chartered also acting as the Sole Sustainability Structurer to assist PSQC’s Treasury and Investment, and ESG departments.

Qatar had another big green bond issuance this year: Qatar debuted blockbuster USD-denominated green bonds — its first bonds to be denominated in a foreign currency in the past four years — in May. The government sold USD 1 bn green bonds with maturity of five years at 30 basis points and USD 1.5 bn of 10-year green debt at 40 basis points over US treasuries which pulled in USD 14 bn in orders racking up a 5.6x oversubscription rate.

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