By Marisa Wong
Los Angeles, March 3 – QNB Finance Ltd. priced $50 million of 0.88% two-year notes guaranteed by Qatar National Bank QPSC at par, according to a notice.
The series 330 notes will be issued under the bank’s $22.5 billion medium-term note program.
Proceeds from the Regulation S notes 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
|
| Issue: | Senior notes, series 330
|
| Amount: | $50 million
|
| Maturity: | March 4, 2023
|
| Coupon: | 0.88%
|
| Price: | Par
|
| Yield: | 0.88%
|
| Call option: | No
|
| Put option: | No
|
| Pricing date: | March 2
|
| Settlement date: | March 4
|
| Distribution: | Regulation S
|
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