QNB Group announces completion of US Dollar 720 million Formosa Bond issuance

Posted on : Fri, 11 Jan 2019

Doha, 11 January 2018 - QNB Group, the largest financial institution in the Middle East and Africa, announced the successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme and listed on the Taipei Stock Exchange.

Under this programme, a US$ 720 million tranche was issued with a maturity of 30 years callable every 5 years. The issuance was part of QNB Group’s strategy to diversify funding from new markets.

The Reg S issue attracted strong interest from Taiwanese investors and was arranged by Standard Chartered Bank. This success confirms the trust of international investors in QNB Group’s strategy and the strength of its financial position.