By Rebecca Melvin
New York, Jan. 21 – QNB Finance Ltd. has priced IDR 345 million of 6.9% notes due 2025, which are guaranteed by Qatar National Bank QPSC and payable in U.S. dollars.
The notes (expected ratings: Aa3/A) priced at par and will be issued on Jan. 23.
The proceeds are earmarked for general corporate purposes.
J.P. Morgan Securities plc is dealer of the Regulation S paper.
Ankara-based QNB Finansbank is a private commercial bank, which is nearly 100% owned by Qatar National Bank.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Senior notes
|
| Amount: | IDR 345 million, payable in U.S. dollars
|
| Maturity: | Jan. 23, 2025
|
| Dealer: | J.P. Morgan Securities plc
|
| Coupon: | 6.9%
|
| Price: | Par
|
| Yield: | 6.9%
|
| Announcement date: | Jan. 21
|
| Issue date: | Jan. 23
|
| Ratings | Moody’s: Aa3
|
| S&P: A
|
| Distribution: | Regulation S
|
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