By Sarah Lizee
Olympia, Wash., May 7 – QNB Finance Ltd. has priced RMB 1 billion of 2 5/8% series 269 notes due 2025 (Aa3/A/A+) at 99.86, according to a notice.
The notes are guaranteed by Qatar National Bank QPSC and are payable in U.S. dollars and will be issued under the bank’s $17.5 million medium-term note program.
The proceeds are earmarked for general corporate purposes.
Barclays Bank plc, Credit Agricole CIB, ING Bank NV, London Branch, Mizuho International plc, QNB Capital LLC and Standard Chartered Bank are the managers, with Standard Chartered Bank as stabilization manager of the Regulation S paper.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Series 269 senior notes
|
| Amount: | RMB 1 billion
|
| Maturity: | May 12, 2025
|
| Dealer: | Standard Chartered Bank
|
| Coupon: | 2 5/8%
|
| Price: | 99.86
|
| Yield: | 2.655%
|
| Announcement date: | May 7
|
| Issue date: | May 12
|
| Distribution: | Regulation S
|
| Ratings: | Moody’s: Aa3
|
| S&P: A
|
| Fitch: A+
|
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