This highly successful Reg S issue is considered the largest ever by a bank from the Middle East and North Africa Region, clearly reflecting investors' high confidence in QNB's financial strength and its future plans.
The final order book showed both quantity and quality with some of the most prestigious institutional investors participating. Strong interest from investors close to $6bn, reflecting almost 4 times over-subscription, and comprising around 200 investors globally. The issue followed a highly successful road show by a team of senior management of QNB that met with investors in Asia and Europe. The notes net proceeds will be utilized for general purposes of the bank.
The issue was arranged and offered through a syndicate of Joint Lead Managers comprising Barclays Capital, BNP Paribas, JP Morgan, QNB Capital and Standard Chartered Bank.
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Qatar National Bank announces completion of its debut US Dollar bond amounting to $1.5bn
- Qatar: Wednesday, November 10 - 2010 at 13:08
- PRESS RELEASE
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Qatar National Bank (QNB) announced the successful completion of its debut US Dollar bonds issued in international capital markets on 9 November 2010, amounting to $1.5bn with a five year maturity and a coupon rate of 3.125%.
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Posted by Siba Sami AmmariWednesday, November 10 - 2010 at 13:08 UAE local time (GMT+4)
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