By Mary-Katherine Stinson
Lexington, Ky., March 12 – Doha Bank QPSC’s special purpose entity, Doha Finance Ltd., priced $500 million of five-year 5¼% notes due March 12, 2029 (Baa1//A-), according to a final term sheet.
The Regulation S notes priced at 99.195 to yield 5.436%. They will be issued by the subsidiary and guaranteed by the parent under the issuer’s $2 billion euro medium-term note program.
Barclays, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, Mizuho International plc, QNB Capital LLC and Standard Chartered Bank are the bookrunners.
The notes will be listed on the London Stock Exchange effective March 12.
The bank is based in Doha, Qatar.
| Issuer: | Doha Finance Ltd.
|
| Guarantor: | Doha Bank QPSC
|
| Amount: | $500 million
|
| Issue: | Senior unsecured notes, series 2024-1, tranche 1
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| Maturity: | March 12, 2029
|
| Joint lead managers: | Barclays, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, Mizuho International plc, QNB Capital LLC and Standard Chartered Bank
|
| Coupon: | 5¼%
|
| Price: | 99.195
|
| Yield: | 5.436%
|
| Trade date: | March 8
|
| Settlement: | March 12
|
| Listing date: | March 12
|
| Ratings: | Moody’s: Baa1
|
| Fitch: A-
|
| Distribution: | Regulation S
|
| ISIN: | XS2776001880
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