Barwa Bank to Seek Credit Rating in 2013, Followed by Debt Offer

It seems that Barwa Bank made plans to apply for a credit rating next year before a possible debt offering. Chief Executive Officer Steve Troop noted that is a good set of results will come up in 2012, they will look for a rating in 2013.
Qatar’s biggest lender Qatar National Bank SAQ (QNBK) raised $1 billion in a sukuk offering earlier this month. Doha Bank QSC, Al Khaliji and International Bank of Qatar have announced plans to sell debt after no sales by lenders in the country last year.