Qatar's QNB launches $1 bln 5-yr bond; pricing Tuesday

DUBAI, Feb 14 (Reuters) - Qatar National Bank

launched a $1 billion five-year bond at 235 basis

points over midswaps, with pricing expected later on Tuesday,

arranging banks said.

The launch price was tighter than initial guidance of 245

basis points over midswaps, issued earlier in the day,

indicating strong appetite for the issue, the first from a

Qatari name this year.

Barclays Capital, Citigroup, HSBC,

Standard Chartered and QNB Capital are arranging the

issue.

Two market sources said order books were in excess of $3

billion for the deal.

(Reporting by Rachna Uppal; Editing by Firouz Sedarat)