By Marisa Wong
Los Angeles, Feb. 24 – QNB Finance Ltd. priced RMB 150 million of 3.3% senior notes due February 2026 guaranteed by Qatar National Bank QPSC at par, according to a notice.
Standard Chartered Bank is the dealer for the non-syndicated offering.
The series 324 notes will be issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Proceeds from the Regulation S offering 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 324
|
| Amount: | RMB 150 million
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| Maturity: | Feb. 25, 2026
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| Dealer: | Standard Chartered Bank
|
| Coupon: | 3.3%
|
| Price: | Par
|
| Yield: | 3.3%
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 24
|
| Distribution: | Regulation S
|
| Listing: | London
|
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