Fitch Ratings has assigned International Bank of Qatar’s new $2bn euro medium-term note programme a long-term rating of A+ and Short-term rating of F1.
The notes will be issued by IBQ Finance Limited in the Cayman Islands. IBQ Finance is a limited liability company and a wholly-owned subsidiary of IBQ that was set up solely to act as the issuer of debt funding.
Notes issued under this programme are unconditionally and irrevocably guaranteed by IBQ. The guarantee constitutes direct, unconditional, unsubordinated and unsecured obligation of IBQ.
The notes, the guarantee and any non-contractual obligations arising out of or in connection with the notes will be governed by, and shall be construed in accordance with, English law.