By Rebecca Melvin
Concord, N.H., April 19 – QNB Finance Ltd. priced $100 million of 1.03% fixed-rate notes due 2023 guaranteed by Qatar National Bank QPSC at par, according to a notice.
MUFG Securities EMEA plc was dealer of the non-syndicated transaction distributed under Regulation S.
The non-callable series 343 notes are being issued under the bank’s $22.5 billion medium-term note program and are expected to be listed on the London Stock Exchange.
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: | Fixed-rate notes, series 343
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Amount: | $100 million
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Maturity: | April 21, 2023
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Dealer: | MUFG Securities EMEA plc
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Coupon: | 1.03%
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Price: | Par
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Yield: | 1.03%
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Call option: | No
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Pricing date: | April 19
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Settlement date: | April 21
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Distribution: | Regulation S
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