QNB Announces the Successful Closing of a Bond Issuance of USD 1.0 Billion under its EMTN Program

Doha, March 21 (QNA) - QNB Group announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) program in the international capital markets. Under this program, a USD1.0 billion tranches were 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 USD3 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. (QNA)