By Rebecca Melvin
New York, Dec. 2 – QNB Finance Ltd. priced RMB 240 million of fixed-rate notes due 2023 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The notes have an interest rate of 3.1%. They are not callable or putable, and there is no change of control put.
Standard Chartered Bank is the dealer for the Regulation S offering.
The series 305 notes will be issued under the bank’s $22.5 billion medium-term note program.
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 305
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| Amount: | RMB 240 million
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| Maturity: | Dec. 4, 2023
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| Dealer: | Standard Chartered Bank
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| Coupon: | 3.1%
|
| Price: | Par
|
| Yield: | 3.1%
|
| Call: | Non-callable
|
| Issue date: | Dec. 4
|
| Distribution: | Regulation S
|
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