QNB Finance Ltd Publication of Final Terms (ISIN: XS2309344872) (9914Q)
March 03 2021 - 7:00AM
UK Regulatory
TIDM77NQ
RNS Number : 9914Q
QNB Finance Ltd
03 March 2021
PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS - The Notes
are not intended to be offered, sold or otherwise made available to
and should not be offered, sold or otherwise made available to any
retail investor in the European Economic Area ("EEA") or in the
United Kingdom (the "UK"). For these purposes, a retail investor
means a person who is one (or more) of: (i) a retail client as
defined in point (11) of Article 4(1) of Directive 2014/65/EU (as
amended, "MiFID II"); (ii) a customer within the meaning of
Directive (EU) 2016/97 (the "IDD"), where that customer would not
qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II; or (iii) not a qualified investor as
defined in Regulation (EU) 2017/1129 (the "Prospectus Regulation").
Consequently no key information document required by Regulation
(EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for
offering or selling the Notes or otherwise making them available to
retail investors in the EEA or in the UK has been prepared and
therefore offering or selling the Notes or otherwise making them
available to any retail investor in the EEA or in the UK may be
unlawful under the PRIIPs Regulation.
Final Terms dated 2 March 2021
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of USD 50,000,000.00 Fixed Rate Notes due March 2023
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the
purposes of the terms and conditions (the "Conditions") set forth
in the prospectus dated 18 March 2020 and the supplement(s) thereto
dated 14 April 2020, 7 August 2020, 13 Ocotober 2020 and January
2021, which together constitute a base prospectus (the
"Prospectus") for the purposes of the Prospectus Directive. This
document constitutes the Final Terms of the Notes described herein
for the purposes of the Prospectus Regulation and must be read in
conjunction with the Prospectus in order to obtain all the relevant
information. The Prospectus and the supplement(s) thereto are
available for viewing at the market news section of the London
Stock Exchange website
(www.londonstockexchange.com/exchange/news/market-news/market-news-home.html)
and during normal business hours at the registered offices of the
Issuer at c/o Maples Corporate Services Limited, P.O. Box 309,
Ugland House, Grand Cayman, KY1-1104, Cayman Islands, and copies
may be obtained from the registered offices of the Fiscal Agent at
One Canada Square, London E14 5AL, United Kingdom.
1 (a) Issuer: QNB Finance Ltd
(b) Guarantor: Qatar National Bank (Q.P.S.C.)
2 (a) Series Number: 330
(b) Tranche Number: 1
3 Specified Currency or Currencies: United States Dollar (USD)
4 Aggregate Nominal Amount USD 50,000,000.00
of Notes:
Series: USD 50,000,000.00
Tranche: USD 50,000,000.00
5 Issue Price: 100 per cent. of the Aggregate
Nominal Amount
6 (a) Specified Denominations: USD 200,000.00
(b) Calculation Amount: USD 200, 000.00
7 (a) Issue Date: 4 March 2021
(b) Interest Commencement Issue Date
Date:
8 Maturity Date: 4 March 2023
9 Interest Basis: 0.88 per cent. Fixed Rate
10 Redemption/Payment Basis: Redemption at par
11 Change of Interest or Redemption/Payment Not Applicable
Basis:
12 Put/Call Options: Not Applicable
13 (a) Status of the Notes: Senior
(b) Status of the Guarantee: Senior
(c) Date Board approval Not Applicable
for issuance of Notes and
Guarantee obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions: Applicable
(a) Rate of Interest: 0.88 per cent. per annum payable
semi annually in arrear
(b) Interest Payment Date(s): Semi- Annually on 4 March and
4 September in each year, commencing
4 September 2021, up to and including
the Maturity Date
(c) Fixed Coupon Amount(s): To be determined by theCalculation
Amount
(d) Broken Amount(s): Not Applicable
(e) Day Count Fraction: 30/360 un-adjusted
(f) Other terms relating Not Applicable
to the method of calculating
interest for Fixed Rate
Notes:
15 Floating Rate Note Provisions: Not Applicable
16 Zero Coupon Note Provisions: Not Applicable
PROVISIONS RELATING TO REDEMPTION
17 Call Option: Not Applicable
18 Put Option: Not Applicable
19 Change of Control Put: Not Applicable
20 Final Redemption Amount USD 200,000.00 per Calculation
of each Note: Amount
21 Early Redemption Amount: Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22 Form of Notes: Bearer Notes:
Temporary Global Note exchangeable
for a Permanent Global Note which
is exchangeable for Definitive
Notes in the limited circumstances
specified in the Permanent Global
Note
23 Financial Centre(s) or other New York City and London
special provisions relating
to payment dates:
24 Talons for future Coupons No
to be attached to Definitive
Notes (and dates on which
such Talons mature):
25 Prohibition of Sales to Applicable
EEA and UK Retail Investors:
Signed on behalf of QNB Finance Ltd:
By:
...........................................................
Duly authorised
Signed on behalf of Qatar National Bank (Q.P.S.C.):
By:
...........................................................
Duly authorised
PART B - OTHER INFORMATION
1 Listing
(a) Listing: London
(b) Admission to trading: Application has been made by
the Issuer (or on its behalf)
for the Notes to be admitted
to trading on the London Stock
Exchange's Regulated Market
with effect from the Issue Date
(c) Estimate of total expenses GBP 2,660.00
related to admission to
trading:
2 Ratings: The Notes to be issued have
not been rated:
3 Interests of Natural and Legal Persons Involved in the
Issue
Save as discussed in "Subscription and Sale/General Information",
so far as the Issuer is aware, no person involved in
the offer of the Notes has an interest material to the
offer.
4 Reasons for the Offer and Estimated Net Proceeds
(a) Reasons for the offer: General corporate purposes
5 Fixed Rate Notes only-Yield
Indication of yield: 0.88 per cent. per annum
The yield is calculated at the
Issue Date on the basis of the
Issue Price. It is not an indication
of future yield.
6 Operational Information
ISIN: XS2309344872
Common Code: 230934487
CFI: DTFUFB
FISN: QNB FINANCE LIM/.88EMTN 20230304
Any clearing system(s) Not Applicable
other than Euroclear Bank
SA/NV and Clearstream Banking
S.A. and the relevant identification
number(s):
Names and addresses of The Bank of New York Mellon,
initial Paying Agent(s): acting through its London Branch,
One Canada Squre, London E14
5 AL, United Kingdom
Names and addresses of Not Applicable
additional Paying Agent(s)
(if any):
7 Distribution
(a) Method of distribution: Non-syndicated
(b) If syndicated, names Not Applicable
of Managers:
(c) Stabilisation Manager(s) Not Applicable
(if any):
(d) If non-syndicated, Not Applicable
name of Dealer:
(e) US Selling Restrictions: Reg. S Compliance Category 2
TEFRA D
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