By Rebecca Melvin
Concord, N.H., Jan. 18 – QNB Finance Ltd. priced $25 million of five-year floating-rate guaranteed by Qatar National Bank QPSC at par with a coupon of SOFR plus 98.7 basis points, according to a notice.
HSBC Bank plc was the dealer for the Regulation S offering.
The series 392 notes are being issued under the bank’s $22.5 billion medium-term note program.
Proceeds 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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| Amount: | $25 million
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| Issue: | Senior notes, series 392
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| Maturity: | Jan. 19, 2027
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| Dealer: | HSBC Bank plc
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| Coupon: | SOFR plus 98.7 bps
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| Price: | Par
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| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 19
|
| Distribution: | Regulation S
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| ISIN: | XS2433158677
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