By Marisa Wong
Los Angeles, Nov. 30 – QNB Finance Ltd. priced $20 million of floating-rate notes due 2025 guaranteed by Qatar National Bank QPSC at par with a coupon of Libor plus 120 basis points, according to a notice.
Barclays Bank plc is the dealer for the Regulation S offering.
The series 306 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 306
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| Amount: | $20 million
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| Maturity: | Dec. 2, 2025
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| Dealer: | Barclays Bank 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
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| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 2
|
| Distribution: | Regulation S
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