Chicago, Jan. 25 – QNB Finance Ltd. priced $20 million of floating-rate notes due 2026 guaranteed by Qatar National Bank QPSC at par with a coupon of Libor plus 92 basis points, according to a notice.
Citigroup Global Markets Ltd. is the dealer for the Regulation S offering.
The series 317 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 317
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| Amount: | $20 million
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| Maturity: | Jan. 25, 2026
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| Dealer: | Citigroup Global Markets Ltd.
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| Coupon: | Libor plus 92 bps
|
| Price: | Par
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| Pricing date: | Jan. 21
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| Settlement date: | Jan. 25
|
| Distribution: | Regulation S
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