A QNB official with the award.
DOHA: QNB Group, the largest financial institution in the Middle East and Africa, received three prestigious awards during the Annual mtn-i MTN Awards ceremony held recently in Hong Kong.
The Group won the Issuer of the Year award as the most impressive issuer for the past 12 months in the non-syndicated market and raised close to $6.5bn in 2018 alone, driven mostly by an International investor base, mainly Asian.
QNB also won the Deal of the Year award for its $2.4bn FRNs Series due 2020.This is an individual award that recognises both QNB and Bank of America Merrill Lynch (as a sole dealer). The US bank raised $2.4bn for QNB via a pair of trades, which was an astonishing size for a private placement.
The Group was as well named as (Co lead Dealer) for Deal of the Year for the State of Qatar’s $6bn Formosa Notes due 2048.
The State of Qatar included a Taipei-listed $6bn 30-year bullet in its high-profile return to the international bond markets this year, becoming the first ever-sovereign state to issue a Formosa bond.
QNB was recognized as a co-lead book runner among several other dealers arranging this important transaction.
These awards recognize the Group’s successful completion of transactions, reinforcing its position as a major player in the regional and international banking market and reflecting its successful strategy and robust financial performance coupled with its strong asset quality and high credit ratings.
The Group’s presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services.
