By Marisa Wong
Los Angeles, Feb. 8 – QNB Finance Ltd. priced TRY 350 million of 13½% senior notes due October 2025 guaranteed by Qatar National Bank QPSC at 98.25 to yield 13.976%, according to a notice.
J.P. Morgan Securities plc is the dealer for the Regulation S offering.
The series 323 notes will be issued under the bank’s $22.5 billion medium-term note program and will be listed on the London Stock Exchange.
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 323
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Amount: | TRY 350 million
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Maturity: | Oct. 6, 2025
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Dealer: | J.P. Morgan Securities plc
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Coupon: | 13½%
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Price: | 98.25
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Yield: | 13.976%
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Pricing date: | Feb. 4
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Settlement date: | Feb. 9
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Listing: | London Stock Exchange
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Distribution: | Regulation S
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