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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.
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