The Qatari bank selected BNP Paribas, HSBC, Morgan Stanley and Commercialbank Capital to arrange a $5 billion bond program, a prospectus showed on Thursday.

The euro medium term notes program was approved by shareholders in February, paving the way for the lender to tap international debt capital markets.

A prospectus for the bank’s bond program was published in a regulatory filing on Thursday, but is dated July 7. 

Aside from the arrangers, additional dealers on the program are Barclays Capital, Citi, Deutsche Bank, JP Morgan and Standard Chartered.

CBQ last tapped global debt markets with a five-year, 275 million Swiss franc ($290 million) denominated bond issue in November. The bond pays a coupon of three percent.

The bank also issued $1.6 billion in a dual-tranche bond in November 2009. 

Separately on Thursday, the chief executive of Doha Bank said the lender would issue a bond before the first quarter of 2012, having delayed a sale earlier in the year.

The cost of insuring Qatari debt against default rose to a four-month high on Thursday to 102 basis points, on global volatility and concerns over euro zone debt, raising chances that regional borrowers will prefer to wait until global markets are stable before a bond issue.