QNB Group announced yesterday the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) programme in the international capital markets.
Under this programme, a $1bn tranche was issued on March 21, 2019 that matures after 5 years with an attractive fixed coupon rate of 3.5 percent per annum.
The Reg S issue was oversubscribed with a book of over $3bn, 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 and Standard Chartered Bank.
