By Marisa Wong
Los Angeles, July 29 – QNB Finance Ltd. priced HK$475 million of 1% senior notes due July 29, 2024 (Aa3) guaranteed by Qatar National Bank QPSC at par, according to a notice.
Standard Chartered Bank is the dealer for the non-syndicated offering.
The series 367 notes were issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Proceeds from the Regulation S offering 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: | Senior notes, series 367
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| Amount: | HK$475 million
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| Maturity: | July 29, 2024
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| Dealer: | Standard Chartered Bank
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| Coupon: | 1%
|
| Price: | Par
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| Yield: | 1%
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| Pricing date: | July 27
|
| Settlement date: | July 29
|
| Ratings: | Moody’s: Aa3
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| Distribution: | Regulation S
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| Listing: | London
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