By Rebecca Melvin
Concord, N.H., Feb. 22 – QNB Finance Ltd. priced RMB 272 million of notes in two series due 2025 and 2027 (Aa3), according to a notice.
The RMB 147 million tranche of 3.4% notes due Feb. 22, 2025 (series 399, tranche 1) and the RMB 125 million tranche of 3.64% notes due Feb. 23, 2027 (series 401, tranche 1) both priced at par.
The notes are guaranteed by Qatar National Bank QPSC and are being issued under the bank’s $22.5 million medium-term note program. The non-syndicated notes will be listed on the London Stock Exchange.
Proceeds are earmarked 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 date: | Feb. 23
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| Distribution: | Regulation S
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| Ratings: | Moody’s: Aa3
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| 2025 notes
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| Issue: | Series 399 senior notes
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| Amount: | RMB 147 million
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| Maturity: | Feb. 22, 2025
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| Coupon: | 3.4%
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| Price: | Par
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| Trade date: | Feb. 22
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| ISIN: | XS2446809258
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| 2027 notes
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| Issue: | Series 401 senior notes
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| Amount: | RMB 125 million
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| Maturity: | Feb. 23, 2027
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| Coupon: | 3.64%
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| Price: | Par
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| Trade date: | Feb. 21
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| ISIN: | XS2447545034
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