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Published on 10/12/2021 in the Prospect News Emerging Markets Daily.

New Issue: QNB Finance sells RMB 130 million 3.58% five-year notes

By Rebecca Melvin

Concord, N.H., Oct. 12 – QNB Finance Ltd. priced RMB 130 million of 3.58% senior notes due 2026 at par, according to a notice.

The series 381 notes are guaranteed by Qatar National Bank QPSC and will be issued under the bank’s $22.5 million medium-term note program.

The proceeds are earmarked for general corporate purposes.

Credit Agricole CIB is dealer for the non-syndicated Regulation S offering.

The commercial bank’s headquarters are in Doha, Qatar.

Issuer:QNB Finance Ltd.
Guarantor:Qatar National Bank QPSC
Issue:Senior notes, series 381
Amount:RMB 130 million
Maturity:Oct. 13, 2026
Dealer:Credit Agricole CIB
Coupon:3.58%
Price:Par
Yield:3.58%
Call option:No
Put option:No
Pricing date:Oct. 11
Issue date:Oct. 13
Listing:London
Distribution:Regulation S
ISIN:XS2397773685

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