New Issue: Qatar National Bank prices $1 billion 2 1/8% notes due 2021 at mid-swaps plus 115 bps

By Christine Van Dusen

Atlanta, Aug. 31 – Qatar National Bank SAQ – via QNB Finance Ltd. – priced a $1 billion issue 2 1/8% five-year notes (expected ratings: Aa3/A+/AA-) at 99.93 to yield 2.353%, or mid-swaps plus 115 basis points, on Wednesday, a market source said.

Barclays, HSBC, Mizuho, MUFG, QNB Capital and Standard Chartered Bank are the bookrunners for the Regulation S deal.

Issuer:	QNB Finance Ltd.
Amount:	$1 billion
Maturity:	Sept. 7, 2021
Description:	Senior notes
Bookrunners:	Barclays, HSBC, Mizuho, MUFG, QNB Capital, Standard Chartered Bank
Coupon:	2 1/8%
Price:	99.93
Yield:	2.353%
Spread:	Mid-swaps plus 115 bps
Trade date:	Aug. 31
Settlement date:	Sept. 7
Expected ratings:	Moody's: Aa3
	S&P: A+
	Fitch: AA-
Distribution:	Regulation S

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