By Rebecca Melvin
Concord, N.H., June 10 – QNB Finance Ltd. priced $50 million 0.88% notes due 2023 (Aa3//) at par, according to a notice.
The series 355 notes are guaranteed by Qatar National Bank QPSC and were issued under the bank’s $22.5 billion medium-term note program.
Standard Chartered Bank 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.
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| Guarantor: | Qatar National Bank QPSC
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| Issue: | Fixed-rate notes, series 355
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| Amount: | $50 million
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| Maturity: | June 10, 2023
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| Dealer: | Standard Chartered Bank
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| Coupon: | 0.88%
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| Price: | Par
|
| Yield: | 0.88%
|
| Issue date: | June 10
|
| Ratings: | Moody’s: Aa3
|
| Distribution: | Regulation S
|
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