By Marisa Wong
Los Angeles, Feb. 18 – QNB Finance Ltd. priced TRY 150 million of 17% senior notes due February 2022 guaranteed by Qatar National Bank QPSC at par, according to a notice.
Citigroup Global Markets Ltd. is the dealer for the Regulation S offering.
The series 327 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.
|
| Guarantor: | Qatar National Bank QPSC
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| Issue: | Senior notes, series 327
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| Amount: | TRY 150 million
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| Maturity: | Feb. 18, 2022
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| Dealer: | Citigroup Global Markets Ltd.
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| Coupon: | 17%
|
| Price: | Par
|
| Yield: | 17%
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 18
|
| Listing: | London Stock Exchange
|
| Distribution: | Regulation S
|
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