By Marisa Wong
Los Angeles, Sept. 23 – QNB Finance Ltd. priced $20 million of 1.49% fixed-rate senior notes due Sept. 24, 2025 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The series 377 notes will be issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Citigroup Global Markets Ltd. is the dealer for the non-syndicated offering.
Proceeds from the Regulation S notes 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 377
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| Amount: | $20 million
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| Maturity: | Sept. 24, 2025
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| Dealer: | Citigroup Global Markets Ltd.
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| Coupon: | 1.49%
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| Price: | Par
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| Yield: | 1.49%
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| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 24
|
| Distribution: | Regulation S
|
| Listing: | London
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| ISIN: | XS2390143720
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