New Issue: Qatar National Bank prints $1 billion 2 7/8% seven-year senior notes to yield 3%

By Christine Van Dusen

Atlanta, April 22 - Qatar National Bank SAQ printed a $1 billion issue of 2 7/8% seven-year notes (Aa3/A+/A+) at 99.216 to yield 3%, a market source said.

The notes priced in line with talk, set in the 3% area.

Deutsche Bank, HSBC, JPMorgan, Mitsubishi UFJ Securities, Qatar National Bank and Standard Chartered Bank were the bookrunners for the Regulation S deal.

Issuer:	Qatar National Bank SAQ
Amount:	$1 billion
Maturity:	April 29, 2020
Description:	Senior notes
Bookrunners:	Deutsche Bank, HSBC, JPMorgan, Mitsubishi UFJ Securities, Qatar National Bank, Standard Chartered Bank
Coupon:	2 7/8%
Price:	99.216
Yield:	3%
Trade date:	April 22
Settlement date:	April 29
Ratings:	Moody's: Aa3
	Standard & Poor's: A+
	Fitch: A+
Distribution:	Regulation S
Price talk:	3% area

© 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.