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Name | Symbol | Market | Type |
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Qnb Fin 27 | LSE:77NQ | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
TIDM77NQ
RNS Number : 6128V
QNB Finance Ltd
15 April 2021
Final Terms dated 15 April 2021
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of USD 30,000,000 0.982 per cent. Notes due 19 April 2023
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme
UK MiFIR product governance / Professional investors and ECPs only target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook ("COBS"), and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK MiFIR"); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturer's target market assessment; however, a distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.
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 17 March 2021 and the supplement thereto dated 12 April 2021, which together constitute a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA (the "UK Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of the UK Prospectus Regulation and must be read in conjunction with the Prospectus in order to obtain all the relevant information. The Prospectus and the supplement 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: 340 (b) Tranche Number: 1 3 Specified Currency or Currencies: United States Dollars ("USD") 4 Aggregate Nominal Amount of Notes: (a) Series: USD 30,000,000 (b) Tranche: USD 30,000,000 5 Issue Price: 99.905 per cent. of the Aggregate Nominal Amount 6 (a) Specified Denominations: USD 200,000 and integral multiples of USD 1,000 in excess thereof (b) Calculation Amount: USD 1,000 7 (a) Issue Date: 19 April 2021 (b) Interest Commencement Issue Date Date: 8 Maturity Date: 19 April 2023 9 Interest Basis: 0.982 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: 0.982 per cent. per annum payable semi-annually in arrear (b) Interest Payment Date(s): 19 October and 19 April in each year, from and including 19 October 2021, to and including 19 April 2023, adjusted in accordance with the Following Business Day Convention (c) Fixed Coupon Amount(s): Not Applicable (d) Broken Amount(s): Not Applicable (e) Day Count Fraction: 30/360 (f) Determination Dates: Not Applicable (g) 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 1,000 per Calculation Amount of each Note: 21 Early Redemption Amount: Applicable Early Redemption Amount(s) As per the Conditions per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the Conditions):
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 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 Not Applicable EEA Retail Investors: 26 Prohibition of Sales to Not Applicable 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 Main Market with effect from 19 April 2021. (c) Estimate of total expenses GBP 695 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 (b) Estimated net proceeds: USD 29,971,500 5 Fixed Rate Notes only-Yield Indication of yield: 1.03 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: XS2332893457 Common Code: 233289345 CFI: DTFUFB, as updated, as set out on] the website of the Association of National Numbering Agencies (ANNA) or alternatively sourced from the National Numbering Agency that assigned the ISIN FISN: QNB FINANCE LIM/.982EMTN 20230419, as updated, as set out on the website of the Association of National Numbering Agencies
(ANNA) or alternatively sourced from the National Numbering Agency that assigned the ISIN 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 Square London E14 5AL 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, Merrill Lynch International name of Dealer: (e) US Selling Restrictions: Reg. S Compliance Category 2; TEFRA D (f) Additional selling Not Applicable restrictions:
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(END) Dow Jones Newswires
April 15, 2021 06:34 ET (10:34 GMT)
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