By Rebecca Melvin
New York, Aug. 17 – Qatar National Bank QPSC priced £40 million fixed-rate notes due Aug. 16, 2024 (A) at par, according to a company release.
The series 270 notes were sold via the lender’s subsidiary QNB Finance Ltd. on Monday under its $22.5 billion medium-term note program.
They will bear interest at 1.08%, with the first coupon payable on Aug. 16, 2022. They are non-callable.
Standard Chartered Bank was the dealer of the Regulation S issue, which is being listed on the London Stock Exchange.
The multinational commercial bank is headquartered in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Fixed-rate notes, series 270
|
| Amount: | £40 million
|
| Dealer: | Standard Chartered Bank
|
| Maturity: | Aug. 16, 2024
|
| Interest: | 1.08%
|
| Price: | Par
|
| Yield: | 1.08%
|
| Calls: | Non-callable
|
| Pricing date: | Aug.16
|
| Listing date: | Aug. 17
|
| Rating: | S&P: A
|
| Distribution: | Regulation S
|
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