By Rebecca Melvin
Concord, N.H., May 18 – QNB Finance Ltd. priced CHF 85 million three-year notes (series 352) 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 a fixed rate of 0.025%.
Daiwa Capital Markets Europe Ltd. is the dealer for the Regulation S offering.
The notes are expected to be listed for trading on the London Stock Exchange’s Main Market effective on Thursday.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Fixed-rate notes (series 352)
|
| Amount: | CHF 85 million
|
| Maturity: | June 3, 2024
|
| Dealer: | Daiwa Capital Markets Europe Ltd.
|
| Coupon: | 0.025%
|
| Price: | Par
|
| Yield: | 0.025%
|
| Issue date: | June 3
|
| Distribution: | Regulation S
|
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