This rate is the lowest in the history for bonds issued by financial institutions in the region.
The Reg S issue attracted strong interest from investors around the world which reflected their confidence in QNB Group's financial strength and the Bank's position as the largest financial institution in terms of profitability and total assets.
This also reflected investors' high confidence in QNB Group's strategy over the coming years.
The highly successful issue reflected strong interest and participation by key global investors that led to the issuance being several times oversubscribed.
Proceeds of this issue will be utilised for general banking purposes.
The issue was arranged and offered through a syndicate of Joint Lead Managers that included Deutsche Bank, HSBC, Mitsubishi UFJ Securities International, QNB Capital and Standard Chartered Bank.
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QNB group announces sucessful completion of its $1.0bn bond
- Qatar: Thursday, November 08 - 2012 at 14:49
- PRESS RELEASE
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QNB Group announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) Programme in the international capital markets. Under this programme, a $1.0bn tranche was issued on November 7, 2012 that matures in February 2018 with a coupon rate of 2.125%.
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Posted by Ishraq Al TalThursday, November 08 - 2012 at 14:49 UAE local time (GMT+4)
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