By Marisa Wong
Los Angeles, Jan. 24 – QNB Finance Ltd. priced $20 million of floating-rate senior notes due Jan. 26, 2027 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The interest rate is equal to SOFR plus 101 basis points.
The series 395 notes will be issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Merrill Lynch International 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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| Amount: | $20 million
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| Issue: | Senior notes, series 395
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| Maturity: | Jan. 26, 2027
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| Dealer: | Merrill Lynch International
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| Coupon: | SOFR plus 101 bps
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| Price: | Par
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| Yield: | SOFR plus 101 bps
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| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 26
|
| Distribution: | Regulation S
|
| Listing: | London
|
| ISIN: | XS2436892363
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