By Rebecca Melvin
Concord, N.H., May 18 – QNB Finance Ltd. priced $33 million of floating-rate notes due May 2026 (series 348) at par, according to a document of final terms.
The notes, which are the first tranche of the series, are guaranteed by Qatar National Bank QPSC and were issued under the bank’s $22.5 billion medium-term note program.
The notes bear interest at SOFR plus 95 basis points.
Mizuho International plc is the dealer for the Regulation S offering.
The notes were listed for trading on the London Stock Exchange’s Main Market effective on Tuesday.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Floating-rate notes (series 348)
|
| Amount: | $33 million
|
| Maturity: | May 18, 2026
|
| Dealer: | Mizuho International plc
|
| Coupon: | SOFR plus 95 bps
|
| Price: | Par
|
| Yield: | SOFR plus 95 bps
|
| Issue date: | May 18
|
| Distribution: | Regulation S
|
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