Doha Bank CEO Says in Talks With Foreign Lenders to Raise Debt
- Lender considering private placement or public debt sale
- Seetharaman says looking at options in Europe and Asia
Qatar National Bank SAQ (QNB) in Doha, Qatar, on Nov. 22, 2012.
Photographer: Gabriela Maj/BloombergThis article is for subscribers only.
Doha Bank QSC is talking to foreign lenders about the possibility of raising long-term funding either through a private placement or public debt sale, according to Chief Executive Officer Raghavan Seetharaman.
The bank plans to raise debt after completing a 1.3 billion riyal ($352.9 million) rights offer earlier this year, Seetharaman said in an interview with Bloomberg TV on Monday, without disclosing how much more it could raise.