By Aleesia Forni
Columbus, Ohio, Feb. 14 - Qatar National Bank SAQ (Aa3/A+/A+) priced $1 billion of 3 3/8% five-year notes at 235 basis points over mid-swaps, according to a market source.
The spread came on top of revised spread talk, which had been tightened from earlier talk of 245 bps.
The notes came at an issue price of 99.631 to yield 3.456%.
Barclays Capital, Citigroup, HSBC, QNB Capital and Standard Chartered Bank are the bookrunners.
The notes were issued under the bank's $7.5 billion euro medium-term note program.
Qatar National Bank is a financial institution based in Doha, Qatar.
| Issuer: | Qatar National Bank SAQ
|
| Issue: | Benchmark dollar-denominated notes
|
| Amount: | $1 billion
|
| Maturity: | Feb. 22, 2017
|
| Bookrunners: | Barclays Capital, Citigroup, HSBC, QNB Capital, Standard Chartered Bank
|
| Coupon: | 3 3/8%
|
| Price: | 99.631
|
| Yield: | 3.456%
|
| Spread to mid-swaps: | 235 bps
|
| Spread to Treasuries: | 263.6 bps
|
| Pricing date: | Feb. 14
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Price talk: | Mid-swaps plus 235 bps, revised from earlier talk of 245 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
