By Rebecca Melvin
Concord, N.H., Dec. 29 – QNB Finance Ltd. priced RMB 380 million of 3.53% senior notes due 2024 at par, according to a notice.
The series 387 notes are guaranteed by Qatar National Bank QPSC and are being issued under the bank’s $22.5 million medium-term note program.
The proceeds are earmarked for general corporate purposes.
Daiwa Capital Markets Europe Ltd. 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
|
| Amount: | RMB 380 million
|
| Issue: | Senior notes, series 387
|
| Maturity: | Dec. 30, 2024
|
| Dealer: | Daiwa Capital Markets Europe Ltd.
|
| Coupon: | 3.53%
|
| Price: | Par
|
| Yield: | 3.53%
|
| Call option: | No; early redemption applies for taxation reasons or default
|
| Put option: | No
|
| Pricing date: | Dec. 23
|
| Issue date: | Dec. 30
|
| Listing: | London
|
| Distribution: | Regulation S
|
| ISIN: | XS2427887026
|
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