Qnb Group Issues Supplementary Disclosure on Issuing Revolving Financial Instruments

January 08, 2019

Further to the announcement made on 30 December 2018, please note the following salient features of the Additional Tier 1 (AT1) Perpetual bond:

• Perpetual bond is an Additional Tier 1 Capital Note with no maturity date as this is treated as an item of equity.
• Perpetual bond has been issued in accordance with QCB Basel III regulations
• Perpetual bond helps to preserve bank’s total equity position to support organic/inorganic business growth.
• QNB will pay coupon on perpetual bond forever until they are called up by the issuing bank (QNB).
• Payment of coupons do not affect QNB’s profitability.