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QNB Group announces the completion of its highly successful US Dollar bond amounting to US$1.0 billion under its Euro Medium Term Note Program (EMTN Program).

- QNB notes issued at a coupon rate of 2.125%, the lowest in the history in the region for GCC financial institutions.

- Strong participation from investors around the globe.

QNB Group announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) Program in the international capital markets. Under this program, a US$1.0 billion tranche was issued on November 7, 2012 that matures in February 2018 with a coupon rate of 2.125%. This rate is the lowest in the history for bonds issued by financial institutions in the region.

The Reg S issue attracted strong interest from investors around the world which reflected their confidence in QNB Group’s financial strength and the Bank’s position as the largest financial institution in terms of profitability and total assets. This also reflected investors’ high confidence in QNB Group’s strategy over the coming years.

The highly successful issue reflected strong interest and participation by key global investors that led to the issuance being several times oversubscribed.

Proceeds of this issue will be utilised for general banking purposes.

The issue was arranged and offered through a syndicate of Joint Lead Managers that included Deutsche Bank, HSBC, Mitsubishi UFJ Securities International, QNB Capital and Standard Chartered Bank.


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