By Marisa Wong
Los Angeles, Sept. 16 – QNB Finance Ltd. priced NZ$27 million of floating-rate senior notes due Sept. 15, 2031 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The notes will bear interest at the New Zealand dollar three-month Bank Bill benchmark plus 130 basis points.
The series 374 notes will be issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Credit Agricole CIB is the dealer for the non-syndicated offering.
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
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| Issue: | Senior notes, series 374
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| Amount: | NZ$27 million
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| Maturity: | Sept. 15, 2031
|
| Dealer: | Credit Agricole CIB
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| Coupon: | BKBM plus 130 bps
|
| Price: | Par
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| Yield: | BKBM plus 130 bps
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 15
|
| Distribution: | Regulation S
|
| Listing: | London
|
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