Qatar National Bank is marketing a United States buck five-year elderly floating-rate Formosa bond at last rate advice of SOFR plus 105 basis factors (bp) location.
QNB Finance is the company and Qatar National Bank the guarantor. The notes are being provided under the financial institution’s $22.5 billion Medium Term Note Programme.
The Reg S notes will certainly be ranked A+ by S&P, according to the guarantor’s Aa3/A+/ A+ rankings and will certainly be noted on the Taipei Exchange and the London Stock Exchange.
HSBC Bank (Taiwan) and Standard Chartered Bank (Taiwan) are joint supervisors.
(Writing by Brinda Darasha; modifying by Seban Scaria)
brinda.darasha@lseg.com
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