By Marisa Wong
Los Angeles, Dec. 10 – QNB Finance Ltd. priced ZAR 770 million of 5% senior notes due December 2025 (Aa3) guaranteed by Qatar National Bank QPSC at par, according to a notice.
Credit Suisse Securities (Europe) Ltd. is the dealer for the Regulation S offering.
The series 310 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.
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| Guarantor: | Qatar National Bank QPSC
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| Issue: | Senior notes, series 310
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| Amount: | ZAR 770 million
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| Maturity: | Dec. 10, 2025
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| Dealer: | Credit Suisse Securities (Europe) Ltd.
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| Coupon: | 5%
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| Price: | Par
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| Yield: | 5%
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| Settlement date: | Dec. 10
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| Rating: | Moody’s: Aa3
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| Distribution: | Regulation S
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