Qatar National Bank launches $1.5 billion three-, five-year notes

By Christine Van Dusen

Atlanta, Oct. 23 - Qatar National Bank SAQ launched a $750 million offering of three-year floating-rate notes and a $750 million issue of five-year fixed-rate notes, a market source said Wednesday.

The three-year notes were launched at a spread of Libor plus 125 basis points, tighter than initial guidance of 140 bps.

The five-year notes - talked at mid-swaps plus 155 bps - launched Wednesday at mid-swaps plus 145 bps.

HSBC, Standard Chartered Bank, JPMorgan, RBS and Qatar National Bank are the bookrunners for the deal.

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