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QNB Issues Formosa Bonds in US Dollars in Accordance
with Reg S Standards
April 18, 2019
QNB Group announced another successful completion of a Formosa bond
issuance under its Euro Medium Term Note (EMTN) program, dual
listed on the Taipei and London Stock Exchanges. Under this
program, a US$ 850 million tranche was issued with a maturity of
3 years.
The Reg S issue attracted strong interest from investors globally,
especially Asia, and was arranged by Standard Chartered Bank
(Taiwan) Limited. This success confirms the trust of
international investors in QNB Group’s strategy and the strength
of its financial position. The issuance was part of QNB Group’s
strategy to diversify funding from new markets.
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