QNB Group announces completion of Australian dollar 700 million Kangaroo bond issuance

Posted on : Wed, 24 Jan 2018

Doha, 24 January 2018 -- QNB Group, the largest financial institution in the Middle East and Africa, announced the successful completion of an inaugural Kangaroo bond issuance under its Kangaroo programme. Under this programme, a AUD 700 million transaction was executed, with 5 and 10 year maturities. This issuance was part of QNB Group’s strategy to tap new sources of stable funding from new markets.

QNB Group mandated ANZ, Bank of America Merrill Lynch and QNB Capital as Joint Lead Managers for this multi tranche transaction under the Kangaroo programme. This success confirms the trust of international investors in QNB Group’s strategy and the strength of its financial position.