QNB Complements Issuance of Green Bonds worth USD 600 Million

16-09-2020


QNB Group announced that it has successfully complemented its issuance of green bonds worth USD 600 million which is the first ever issuance by a Qatari bank.
This issuance comes within the context of the Bank’s programme for the issuance of senior unsecured mid-term notes MTN for a maturity of 5 years. The bonds were listed in London Exchange in the Sustainable Bond Market segment. The proceeds of these green bonds will be used to finance and/or refinance assets in eligible green projects.
The Issuance was largely met by investors on global level as the underwriting exceeded USD 1.8 million, which reflects the international investors in the QNB Group outstanding financial position and financial performance. 
The issuance was part of QNB Group’s ongoing strategy to ensure diversification of kind-funding, tenor and geography as well as an example of the QNB Group’s commitment to ESG principles.
In 2017, QNB has launched its sustainability strategy which was originated and developed to match with Qatar Vision 2030, the UN sustainability development objectives and the directives in connection with sustainability standards issued by Qatar Stock Exchange.
In line with this initiative, the QNB Group has set in February 2020 a frame to its green bonds, social bonds and sustainability bonds, and continued over the past few months its contact with a number of investors in field of responsible investment which takes into consideration ESG issues.
It is worth noting that this issuance of green bonds was arranged by Barclays PLC as Global Coordinator and Joint Lead Manager, ING as Sole Sustainability Structuring Advisor and Joint Lead Manager, and Crédit Agricole, HSBC, QNB Capital and Standard Chartered Bank as Joint Lead Managers.


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