By Sarah Lizee
Olympia, Wash., April 27 – Qatar National Bank QPSC unit QNB Finance Ltd. priced $115 million of series 264 floating-rate senior notes due April 27, 2025 (Aa3) at par on April 20, according to a notice.
The Regulation S notes were issued out of the bank’s $17.5 billion medium-term note program.
The notes bear interest at Libor plus 250 basis points, subject to an interest rate floor of 0%.
The notes are not callable or putable.
The proceeds will be used for general corporate purposes.
Standard Chartered Bank was the dealer for the notes.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Series 264 floating-rate senior notes
|
| Amount: | $115 million
|
| Maturity: | April 27, 2025
|
| Dealer: | Standard Chartered Bank
|
| Coupon: | Libor plus 250 bps; 0% floor
|
| Price: | Par
|
| Rating: | Moody’s: Aa3
|
| Pricing date: | April 20
|
| Settlement date: | April 27
|
| Distribution: | Regulation S
|
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