Bank of Baghdad

	Doha Bank mulling bond sale to boost capital	22-May-2013
	The chief executive of Doha Bank, R Seetharaman has said the Qatari lender may issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, Reuters has reported. The Gulf countrys fifth-largest lender by market value said in January it would increase its paid-up capital by 50%, split equally between a local rights issue and a sale of global depositary receipts (GDRs) in London. "The second part, we have multiple options. We can go for a GDR or for hybrid debt that is validated for Tier 1, or for a rights issue again to shareholders," Seetharaman told reporters in Dubai. "All these options are being contemplated and hopefully we should be in a position to resolve this during this year," he said, adding the bank's Tier 1 capital ratio was already above 15% after the local rights issue.