QNB Group announces completion of US Dollar 630 Million Formosa bond Issuance

Posted on : Thu, 14 Sept 2017

Doha, 14 September 2017- QNB Group, the largest financial institution in the Middle East and Africa, has announced the successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme in the Taiwanese capital markets. Under this programme, a US$ 630 million tranche was issued on 13 September 2017 with a maturity of 30 years callable every 5 years, carrying an attractive fixed coupon rate of 5% per annum.

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.