Doha Bank has successfully listed its inaugural US$150 million Floating Rate Digitally Native Notes (DNN) on the London Stock Exchange’s International Securities Market (ISM), completing settlement on a same-day (T+0) basis through Euroclear’s Digital Financial Market Infrastructure (D-FMI).
The D-FMI platform enables the issuance, distribution, and settlement of fully digital securities using distributed ledger technology (DLT), allowing transactions to be executed with enhanced speed, transparency, and operational efficiency.
Standard Chartered acted as Sole Global Coordinator and Sole Arranger, overseeing the structuring, execution, and distribution of the transaction.
The issuance ranks among Qatar’s earliest digitally native US dollar bond offerings and demonstrates the feasibility of real-time settlement within a regulated international market environment.
The transaction positions Qatar as an early adopter of digital bond infrastructure within the GCC, aligning with broader regional initiatives to modernise capital markets and expand digital funding channels.
Doha Bank noted that the issuance attracted a new investor to the institution, highlighting growing market interest in digitally enabled capital market instruments.
Abdulrahman Bin Fahad Al-Thani, Group CEO of Doha Bank, said:
“By achieving one of the region’s first real-time T+0 settlements and leveraging Euroclear’s D-FMI infrastructure, we are enhancing efficiency and market access while supporting Qatar’s broader digital transformation agenda.”
Salman Ansari, Global Head, Capital Markets, Standard Chartered, said:
“Doha Bank’s debut digital bond issuance underscores the tangible, real-world efficiencies that cutting-edge digital infrastructure is delivering for capital markets, and the increasing appetite among our clients for this next-gen capability and execution.”
The Digitally Native Notes leverage DLT-based decentralised record-keeping to improve operational efficiencies while maintaining full compatibility with existing secondary-market services. Citi acted as the issuing and paying agent for the transaction.
