China*  | عربي

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Doha, 30 December 2018 – QNB Group, the largest financial institution in the Middle East and Africa, has announced the issuance of Additional Tier 1 capital notes of QAR 10 billion through a private placement, in light of the growth of the Group's activities and operations under its strategic plan.

The issuance was fully subscribed reflecting strong investor confidence in QNB Group's strategy and financial position.

• Perpetual bond is an Additional Tier 1 Capital Note with no maturity date as this is treated as an item of equity.

• Perpetual bond has been issued in accordance with QCB Basel III regulations

• Perpetual bond helps to preserve bank’s total equity position to support organic/inorganic business growth.

• QNB will pay coupon on perpetual bond forever until they are called up by the issuing bank (QNB).

• Payment of coupons do not affect QNB’s profitability.

 


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