Latest news with #MediumTermNoteProgramme
Qatar Tribune
20-07-2025
- Business
- Qatar Tribune
QNB Group announces successful issue of bonds amounting to $1 billion
QNB Group announced the successful completion of a bond issuance under its Medium Term Note Programme in international capital markets. In a statement on Saturday, the group said, "Under this programme, a five year, USD1 billion tranche was launched earlier today on 17 July 2025". The Reg S issue attracted phenomenal interest from key global investors leading to the issuance being heavily oversubscribed, with peak orders at 3 times the issue size. Further the pricing on the bonds tightened significantly with the final pricing at 70 bps over US Treasury compared to the initial pricing of 100 basis points over US Treasury. The coupon on the bond is 4.50 percent. The order book reflected significant interest across various geographies with key interest from Asian investors. The book included several names new to QNB and the region. Senior Executive Vice President for QNB Group Treasury and Financial Institutions Noor Mohammed Al Naimi said that the landmark transaction is a testament to investors' confidence in QNB Group's financial strength and its position as the largest financial institution in the MEA region. The proceeds of this issue will be utilized for general banking purposes.
Qatar Tribune
19-07-2025
- Business
- Qatar Tribune
QNB successfully issues bonds amounting to $1 bn
Tribune News Network Doha QNB Group announced the successful completion of a bond issuance under its Medium Term Note Programme in the international capital markets. Under this programme, a five year, $1 billion tranche was launched earlier today on 17 July 2025. The Reg S issue attracted phenomenal interest from key global investors leading to the issuance being heavily oversubscribed, with peak orders at three times the issue size. Further the pricing on the bonds tightened significantly with the final pricing at 70 bps over US Treasury compared to the initial pricing of 100 basis points over US Treasury. The coupon on the bond is 4.5percent. The order book reflected significant interest across various geographies with key interest from Asian investors. The book included several names new to QNB and the region. Senior Executive Vice President for QNB Group Treasury and Financial Institutions Noor Mohammed Al Naimi said that the landmark transaction is a testament to investors' confidence in QNB Group's financial strength and its position as the largest financial institution in the MEA region. The proceeds of this issue will be utilized for general banking purposes. The issue was arranged and offered through a syndicate of joint lead managers that included Banco Santander, Barclays Bank, DBS Bank, Deutsche Bank, London Branch, Mizuho International, QNB Capital, SMBC Bank International plc and Standard Chartered Bank. The successful transaction also aligns with QNB's strategic objective of optimizing its funding mix and maintaining a well-diversified investor base, while supporting its sustainable growth and expansion plans across key global markets.
Qatar Tribune
19-07-2025
- Business
- Qatar Tribune
QNB Group issues bonds worth $1 bn
QNA Doha QNB Group announced the successful completion of a bond issuance under its Medium Term Note Programme in international capital markets. In a statement on Saturday, the group said, 'Under this programme, a five year, $1 billion tranche was launched earlier today on 17 July 2025'. The Reg S issue attracted phenomenal interest from key global investors leading to the issuance being heavily oversubscribed, with peak orders at 3 times the issue size. Further the pricing on the bonds tightened significantly with the final pricing at 70 bps over US Treasury compared to the initial pricing of 100 basis points over US Treasury. The coupon on the bond is 4.50 percent. The order book reflected significant interest across various geographies with key interest from Asian investors. The book included several names new to QNB and the 8
Zawya
18-02-2025
- Business
- Zawya
Final price guidance out for Qatar National Bank's Formosa bond
Qatar National Bank is marketing a US dollar five-year senior floating-rate Formosa bond at final price guidance of SOFR plus 105 basis points (bp) area. QNB Finance is the issuer and Qatar National Bank the guarantor. The notes are being issued under the bank's $22.5 billion Medium Term Note Programme. The Reg S notes will be rated A+ by S&P, in line with the guarantor's Aa3/A+/A+ ratings and will be listed on the Taipei Exchange and the London Stock Exchange. HSBC Bank (Taiwan) and Standard Chartered Bank (Taiwan) are joint managers. (Writing by Brinda Darasha; editing by Seban Scaria)
