By Rebecca Melvin
Concord, N.H., May 5 – QNB Finance Ltd. issued a ZAR 290 million add-on to its 5% senior notes due December 2025 (Aa3), which are guaranteed by Qatar National Bank QPSC, according to a notice on Wednesday.
The series 347 notes priced at par and will be consolidated to form a single series with the existing ZAR 770 million of the notes issued on Dec. 10.
Credit Suisse Securities (Europe) Ltd. is the dealer for the Regulation S offering.
Proceeds will be used for general corporate purposes.
The commercial bank is headquartered in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Senior notes, series 347
|
| Amount: | ZAR 290 million
|
| Maturity: | Dec. 10, 2025
|
| Dealer: | Credit Suisse Securities (Europe) Ltd.
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Issue date: | May 5
|
| Rating: | Moody’s: Aa3
|
| Distribution: | Regulation S
|
| Total deal size: | ZAR 1.06 billion, including ZAR 770 million issued on Dec. 10
|
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