QNB Group announced another successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme, dual listed on the Taipei and London Stock Exchanges.
Under this programme, a $850m tranche was issued with a maturity of 3 years. The issuance was part of QNB Group’s strategy to diversify funding from new markets.
The Reg S issue attracted strong interest from investors globally, especially Asia, and was arranged by StandardChartered Bank (Taiwan) Limited.
This success confirms the trust of international investors in QNB Group’s strategy and the strength of its financial position, QNB said in a regulatory filing to QSE.
