By Marisa Wong
Los Angeles, April 15 – QNB Finance Ltd. priced $30 million of 0.982% two-year notes guaranteed by Qatar National Bank QPSC at 99.905 to yield 1.03%, according to a notice.
The series 340 notes will be issued under the bank’s $22.5 billion medium-term note program.
Merrill Lynch International is the dealer for the non-syndicated offering.
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 340
|
| Amount: | $30 million
|
| Maturity: | April 19, 2023
|
| Dealer: | Merrill Lynch International
|
| Coupon: | 0.982%
|
| Price: | 99.905
|
| Yield: | 1.03%
|
| Call option: | No
|
| Put option: | No
|
| Pricing date: | April 15
|
| Settlement date: | April 19
|
| Distribution: | Regulation S
|
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