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Published on 12/15/2020 in the Prospect News Emerging Markets Daily.

New Issue: Qatar National Bank prices RMB 240 million 3.73% five-year notes at par

By Marisa Wong

Los Angeles, Dec. 15 – QNB Finance Ltd. priced RMB 240 million of 3.73% senior notes due December 2025 guaranteed by Qatar National Bank QPSC at par, according to a notice.

Australia and New Zealand Banking Group Ltd. is the dealer for the Regulation S offering.

The series 311 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
Issue:Senior notes, series 311
Amount:RMB 240 million
Maturity:Dec. 23, 2025
Dealer:Australia and New Zealand Banking Group Ltd.
Coupon:3.73%
Price:Par
Yield:3.73%
Pricing date:Dec. 9
Settlement date:Dec. 23
Distribution:Regulation S

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