By Marisa Wong
Los Angeles, Nov. 29 – QNB Finance Ltd. priced $100 million of floating-rate senior notes due Nov. 28, 2029 (Aa3) guaranteed by Qatar National Bank QPSC at 99.945, according to a notice.
The interest rate is equal to compounded SOFR plus 164 basis points.
The series 432 notes will be issued under the bank’s $22.5 billion medium-term note program and listed on the London Stock Exchange.
Goldman Sachs 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: | $100 million
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| Issue: | Senior notes, series 432
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| Maturity: | Nov. 28, 2029
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| Dealer: | Goldman Sachs International
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| Coupon: | Compounded SOFR plus 164 bps
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| Price: | 99.945
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 28
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| Rating: | Moody’s: Aa3
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| Distribution: | Regulation S
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| Listing: | London
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| ISIN: | XS2559476564
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