By Marisa Wong
Los Angeles, March 10 – QNB Finance Ltd. priced RMB 500 million of 3.28% senior notes due March 2023 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The Regulation S notes are denominated in offshore renminbi.
The series 334 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 334
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Amount: | RMB 500 million (offshore renminbi)
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Maturity: | March 11, 2023
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Coupon: | 3.28%
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Price: | Par
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Yield: | 3.28%
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Pricing date: | March 9
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Settlement date: | March 11
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Distribution: | Regulation S
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Listing: | London
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