QNB Group announces completion of US Dollar 850 million Formosa Bond issuance

Posted on : Thu, 18 Apr 2019

Doha, 18 April 2019 -- QNB Group, rated A by S&P, A+ by Fitch and Aa3 by Moody's, announced another successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme, dual listed on the Taipei and London Stock Exchanges.

Under this programme, a US$ 850 million tranche was issued with a maturity of 3 years. The issuance was part of QNB Group’s strategy to diversify funding from new markets.

The Reg S issue attracted strong interest from investors globally, especially Asia, and was arranged by Standard Chartered Bank (Taiwan) Limited. This success confirms the trust of international investors in QNB Group’s strategy and the strength of its financial position.