By Rebecca Melvin
New York, Sept. 14 – Qatar National Bank SAQ announced that it has priced $630 billion of 5% so-called Formosa bonds due 2047.
The bonds were issue in the Taiwan market but denominated in U.S. dollars under Regulation S.
The bonds are non-callable for five years and then callable every five years thereafter.
The issuance was made under QNB’s euro medium-term note program in the Taiwanese capital markets.
Standard Chartered Bank arranged the deal.
| Issuer: | Qatar National Bank SAQ
|
| Amount: | $630 million
|
| Maturity: | 2047
|
| Description: | Formosa bonds
|
| Arranger: | Standard Chartered Bank
|
| Coupon: | 5%
|
| Calls: | Non-callable for five years and then every five years thereafter
|
| Trade date: | Sept. 13
|
| Distribution: | Regulation S
|
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