By William Gullotti
Buffalo, N.Y., June 22 – QNB Finance Ltd. issued $600 million of 1 1/8% notes due 2024, according to an announcement Tuesday.
The notes are guaranteed by Qatar National Bank QPSC and were sold under the bank’s $22.5 billion medium-term note program. The listing is expected to become effective on June 23.
The sole dealer is HSBC.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Notes
|
| Amount: | $600 million
|
| Maturity: | 2024
|
| Dealer: | HSBC
|
| Coupon: | 1 1/8%
|
| Pricing date: | June 22
|
| Listing date: | June 23
|
| Distribution: | Regulation S
|
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