By Marisa Wong
Los Angeles, Feb. 8 – QNB Finance Ltd. priced TRY 350 million of 13½% senior notes due October 2025 guaranteed by Qatar National Bank QPSC at 98.25 to yield 13.976%, according to a notice.
J.P. Morgan Securities plc is the dealer for the Regulation S offering.
The series 323 notes will be issued under the bank’s $22.5 billion medium-term note program and will be listed on the London Stock Exchange.
Proceeds will be used for general corporate purposes.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
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| Issue: | Senior notes, series 323
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| Amount: | TRY 350 million
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| Maturity: | Oct. 6, 2025
|
| Dealer: | J.P. Morgan Securities plc
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| Coupon: | 13½%
|
| Price: | 98.25
|
| Yield: | 13.976%
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 9
|
| Listing: | London Stock Exchange
|
| Distribution: | Regulation S
|
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