QNB Group Issues USD 1 Billion Formosa Bond

Doha: Qatar National Bank (QNB) Group, announced the successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme and listed on the Taipei Stock Exchange. QNB said in a statement, carried on the Qatar Stock Exchange website, that under this programme, a USD 1.0 billion tranche was issued with a maturity of 5 years. The issuance was part of QNB Group's strategy to diversify funding from new markets. The Reg S issue attracted strong interest from Taiwanese investors and was jointly arranged by HSBC and Standard Chartered Bank, with Barclays Bank as Structuring Agent. This success confirms the trust of international investors in QNB Group's strategy and the strength of its financial position. Source: Qatar News Agency