Qatar  | عربي

 
Doha, 23th October 2013 - QNB Group announced the completion of its highly successful dual tranche US Dollar bond amounting to US$1.5 billion under its Euro Medium Term Note Program (EMTN Program) in the international capital markets. Under this program, two tranches were issued on 23rd October 2013. One tranche of US$750 million with a 3 year maturity, at a coupon rate of 3 month Libor + 1.25% and another tranche of US$750 million with a 5 year maturity, at a fixed coupon rate of 2.75%.
 
The Reg S issue attracted strong interest from investors around the world which reflected their confidence in QNB Group’s financial strength and in the Group’s strategy for 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 HSBC Bank Plc, J.P. Morgan Securities Plc, QNB Capital LLC, The Royal Bank of Scotland Plc and Standard Chartered Bank.
 

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