QNB Group announces the successful issue of bonds amounting to USD 1 billion under its medium term note programme.

Posted on : Thu, 01 Sept 2016

Doha, 1 September 2016 - QNB Group has announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) Programme in the international Capital markets.

Under this Programme, a US$ 1.0 billion tranche was issued on 31 August 2016 maturing in 5 years with an attractive fixed rate coupon of 2.125% per annum. This rate is the lowest ,for the tenor, issued by any financial institution in the region.

The Reg S issue attracted strong interest around the world by key global investors, leading to the issuance being 2.5 times oversubscribed.

This reflects investors’ confidence in QNB Group’s financial strength and the Bank’s position as the largest financial institution in the Middle East and Africa Region. It also reflects their high confidence in QNB Group’s strategy over the coming years. 

The deal was arranged and offered through a syndicate of Joint Lead Managers that includes Barclays Bank PLC, HSBC Bank PLC, Mizuho Bank Ltd, MUFG Securities EMEA PLC, QNB Capital LLC, and Standard Chartered Bank.