By Marisa Wong
Los Angeles, Jan. 10 – QNB Finance Ltd. priced $30 million of floating-rate senior notes due Jan. 12, 2026 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The interest rate is equal to SOFR plus 90 basis points.
The series 389 notes will be issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Standard Chartered Bank 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 389
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| Amount: | $30 million
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| Maturity: | Jan. 12, 2026
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| Dealer: | Standard Chartered Bank
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| Coupon: | SOFR plus 90 bps
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| Price: | Par
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| Yield: | SOFR plus 90 bps
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| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 12
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| Distribution: | Regulation S
|
| Listing: | London
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| ISIN: | XS2430042767
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