By Marisa Wong
Los Angeles, Feb. 24 – QNB Finance Ltd. priced TRY 300 million of 16% senior notes due February 2022 (Aa3/A) guaranteed by Qatar National Bank QPSC at 99.145 to yield 17%, according to a notice.
J.P. Morgan Securities plc is the dealer for the non-syndicated offering.
The series 328 notes will be issued under the bank’s $22.5 billion medium-term note program and will be listed on the London Stock Exchange.
Proceeds from the Regulation S offering 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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| Issue: | Senior notes, series 328
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| Amount: | TRY 300 million
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| Maturity: | Feb. 24, 2022
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| Dealer: | J.P. Morgan Securities plc
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| Coupon: | 16%
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| Price: | 99.145
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| Yield: | 17%
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 24
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| Listing: | London Stock Exchange
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| Ratings: | Moody’s: Aa3
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| S&P: A
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| Distribution: | Regulation S
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