By Marisa Wong
Los Angeles, March 7 – QNB Finance Ltd. priced RMB 1.25 billion of 4% senior notes due March 2027 guaranteed by Qatar National Bank QPSC at par, according to a notice.
The series 405 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 Regulation S offering.
Proceeds will be used for general corporate purposes.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Amount: | RMB 1.25 billion
|
| Issue: | Senior notes, series 405
|
| Maturity: | March 14, 2027
|
| Dealer: | Standard Chartered Bank
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Call option: | No
|
| Put option: | No
|
| Announcement date: | March 7
|
| Settlement date: | March 14
|
| Rating: | Moody’s: Aa3
|
| Distribution: | Regulation S
|
| Listing: | London
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
