Qatar  | عربي

 
Doha, April 22, 2013: QNB Group has announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) Program in international capital markets. Under this program, a US$1.0 billion tranche was issued on April 22, 2013 that matures after 7 years with a coupon rate of 2.875%.
 
The Reg S issue attracted strong interest from investors in international markets, which reflected their confidence in QNB Group’s robust financial strength and its strategy over the coming years.
The highly successful issue also reflected strong interest and participation by key global investors that led to the issuance being several times oversubscribed.
QNB Group explained that proceeds of the issue will be utilized for its regular banking activities.
The issue was arranged and offered through a syndicate of Joint Lead Managers that included Deutsche Bank, HSBC Bank plc, JP Morgan Securities Ltd, Mitsubishi UFJ Securities International plc, QNB Capital and Standard Chartered Bank.
 

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