By Marisa Wong
Los Angeles, Feb. 24 – QNB Finance Ltd. priced RMB 130 million of 2.8% senior notes due February 2028 (Aa3) guaranteed by Qatar National Bank QPSC at par, according to a notice.
The Regulation S notes are denominated in offshore renminbi.
Credit Suisse Securities (Europe) Ltd. is the dealer for the non-syndicated offering.
The series 329 notes will be issued under the bank’s $22.5 billion medium-term note program and 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 329
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Amount: | RMB 130 million (offshore renminbi)
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Maturity: | Feb. 24, 2028
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Dealer: | Credit Suisse Securities (Europe) Ltd.
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Coupon: | 2.8%
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Price: | Par
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Yield: | 2.8%
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Pricing date: | Feb. 23
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Settlement date: | Feb. 24
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Rating: | Moody’s: Aa3
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Distribution: | Regulation S
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Listing: | London
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