Chicago, Jan. 25 – QNB Finance Ltd., a subsidiary of Qatar National Bank QPSC, sold $1 billion 1 3/8% five-year notes (Aa3/A/A+) at 99.501 to yield 1.479%, according to a term sheet.
The notes are guaranteed by the parent.
The Regulation S notes were issued under a $22.5 billion medium-term note program.
Crédit Agricole CIB, London Branch, HSBC Bank plc, Mizuho International plc, QNB Capital LLC and Standard Chartered Bank were the bookrunners with Standard Chartered working as the stabilization manager.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Borrower: | Qatar National Bank QPSC
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| Amount: | $1 billion
|
| Maturity: | Jan. 26, 2026
|
| Description: | Senior notes
|
| Bookrunners: | Credit Agricole CIB, London Branch, HSBC Bank plc, Mizuho International plc, QNB Capital LLC and Standard Chartered Bank
|
| Coupon: | 1 3/8%
|
| Price: | 99.501
|
| Yield: | 1.479%
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Expected ratings: | Moody’s: Aa3
|
| S&P: A
|
| Fitch: A+
|
| Distribution: | Regulation S
|
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