Published on 11/7/2012 in the Prospect News Emerging Markets Daily.
New Issue: Qatar National Bank sells $1 billion 2 1/8% notes due 2018 at mid-swaps plus 145 bps
By Christine Van Dusen
Atlanta, Nov. 7 - Qatar National Bank SAQ sold $1 billion 2 1/8% notes due Feb. 14, 2018 (Aa3/A+/A+) at 99.293 to yield mid-swaps plus 145 basis points, a market source said.
Deutsche Bank, HSBC, Mitsubishi UFJ Securities, QNB Capital and Standard Chartered were the bookrunners for the Regulation S-only deal.
| Issuer: | Qatar National Bank SAQ
|
| Amount: | $1 billion
|
| Maturity: | Feb. 14, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, HSBC, Mitsubishi UFJ Securities, QNB Capital, Standard Chartered
|
| Coupon: | 2 1/8%
|
| Price: | 99.293
|
| Spread: | Mid-swaps plus 145 bps
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 14
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Distribution: | Regulation S only
|
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