By Rebecca Melvin
Concord, N.H., June 9 – QNB Finance Ltd. priced $50 million 0.85% notes due 2023 (/A/A+) at par, according to a notice.
The series 354 notes are guaranteed by Qatar National Bank QPSC and were issued under the bank’s $22.5 billion medium-term note program.
SMBC Nikko Capital Markets Ltd. is the dealer for the Regulation S notes, from which proceeds 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: | Fixed-rate notes, series 354
|
| Amount: | $50 million
|
| Maturity: | June 8, 2023
|
| Dealer: | SMBC Nikko Capital Markets Ltd.
|
| Coupon: | 0.85%
|
| Price: | Par
|
| Yield: | 0.85%
|
| Issue date: | June 8
|
| Ratings: | S&P: A
|
| Fitch: A+
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
