QNB Group Closes a Successful Bond Issuance of USD 1 Billion

March 24, 2019

QNB Group announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) program. Under this program, a USD 1 billion tranche was issued on 21 March 2019 that matures after 5 years with an attractive fixed coupon rate of 3.5% per annum. The Reg S issue was oversubscribed with a book of over USD 3 billion, as it attracted strong interest from investors around the world.

The deal was arranged and offered through a syndicate of Joint Lead Managers that included ANZ, Barclays Bank PLC, Credit Agricole CIB, Deutsche Bank, ING, QNB Capital LLC and Standard Chartered Bank.