By Marisa Wong
Los Angeles, Sept. 14 – QNB Finance Ltd. priced $20 million of five-year floating-rate notes guaranteed by Qatar National Bank QPSC at par with a coupon of Libor plus 120 basis points, according to a notice.
Mizuho International plc is the dealer for the Regulation S offering.
The unrated series 287 notes will be issued under the bank’s $22.5 billion medium-term note program.
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 287
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| Amount: | $20 million
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| Maturity: | Sept. 15, 2025
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| Dealer: | Mizuho International plc
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| Coupon: | Libor plus 120 bps
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| Price: | Par
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| Yield: | Libor plus 120 bps
|
| Announcement date: | Sept. 13
|
| Settlement date: | Sept. 15
|
| Distribution: | Regulation S
|
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