{"id":86976,"date":"2024-09-26T00:00:00","date_gmt":"2024-09-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/26\/qatars-commercial-bank-launches-debut-chf-denominated-green-bond\/"},"modified":"2024-09-26T00:00:00","modified_gmt":"2024-09-26T00:00:00","slug":"qatars-commercial-bank-launches-debut-chf-denominated-green-bond","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/26\/qatars-commercial-bank-launches-debut-chf-denominated-green-bond\/","title":{"rendered":"Qatar\u2019s Commercial Bank launches debut CHF-denominated green bond"},"content":{"rendered":"

Qatar Commercial Bank issues first CHF green bond: <\/strong>Qatar\u2019s Commercial Bank (PSQC) has officially launched a debut three-year CHF-denominated green bond, according to a press release<\/a>. 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. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The details: <\/strong>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.<\/p>\n

Where\u2019s the money going? <\/strong>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\u2019s sustainable finance framework launched in 2023 in line with Qatar\u2019s National Environment and Climate Change Strategy. <\/p>\n

Advisors:<\/strong> 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\u2019s Treasury and Investment, and ESG departments. <\/p>\n

Qatar had another big green bond issuance this year: <\/strong>Qatar debuted blockbuster USD-denominated green bonds<\/a> \u2014 its first bonds to be denominated in a foreign currency in the past four years \u2014 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<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The issuance raised CHF 225 mn at a coupon rate of 1.707% payable annually<\/p>\n","protected":false},"author":1,"featured_media":86977,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,49,163],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-qatar","wpautop","entry"],"acf":{"mongo_id":"9bc4fc18-7303-4272-aa19-7239398169f6","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/743.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qatar\u2019s Commercial Bank launches debut CHF-denominated green bond","related_issue":[86971],"teaser":"The issuance raised CHF 225 mn at a coupon rate of 1.707% payable annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.04e7dc14-493c-4f82-ab08-4a514aa201d5.mp3"},"yoast_head":"\nQatar\u2019s Commercial Bank launches debut CHF-denominated green bond - 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