By Marisa Wong
Los Angeles, Jan. 27 – Qatar National Bank subsidiary QNB Finance Ltd. priced $25 million of two-year floating-rate senior notes at par, according to a filing with the London Stock Exchange.
The notes, guaranteed by the parent company, bear interest at SOFR plus 96 basis points.
Standard Chartered Bank is the dealer for the Regulation S notes.
The non-callable notes are being issued under the company’s $17.5 billion medium-term note program.
The commercial bank’s headquarters are in Doha, Qatar.
| Issuer: | QNB Finance Ltd.
|
| Guarantor: | Qatar National Bank QPSC
|
| Issue: | Senior notes
|
| Amount: | $25 million
|
| Maturity: | Jan. 28, 2022
|
| Dealer: | DBS Bank Ltd.
|
| Coupon: | SOFR plus 96 bps
|
| Price: | Par
|
| Yield: | SOFR plus 96 bps
|
| Call option: | None
|
| Put option: | None
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 28
|
| Rating: | S&P: A
|
| Distribution: | Regulation S
|
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