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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 : 0878Z
QNB Finance Ltd
20 January 2022
PROHIBITION OF SALES TO EEA 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"). 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 has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
PROHIBITION OF SALES TO 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 United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA ("UK MiFIR"); or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA (the "UK Prospectus Regulation"). Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
Final Terms dated 20 January 2022
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of USD100,000,000 Fixed Rate Notes due January 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 2021,12 July 2021, 11 October 2021 and 18 January 2022, which together constitute a base prospectus (the "Prospectus") for the purposes of 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: 393 (b) Tranche Number: 1 3 Specified Currency or Currencies: United States Dollar (USD) 4 Aggregate Nominal Amount USD 100,000,000 of Notes: (a) Series: USD 100,000,000 (b) Tranche: USD 100,000,000 5 Issue Price: 100.00 per cent. of the Aggregate Nominal Amount 6 (a) Specified Denominations: USD 200,000 (b) Calculation Amount: USD 200,000 7 (a) Issue Date: 25 January 2022 (b) Interest Commencement Issue Date Date: 8 Maturity Date: 25 January 2023 9 Interest Basis: 0.82 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 0.82 per cent. per annum payable (b) Interest Payment Date(s): semi-annually in arrear (c) Fixed Coupon Amount: 25 July 2022 to, and including, (d) Broken Amount(s): the Maturity Date adjusted in (e) Day Count Fraction: accordance with the Modified (f) Determination Dates: Following Business Day Convention (g) Other terms relating USD 820 per Calculation Amount to the method of calculating Not Applicable interest for Fixed Rate 30/360 unadjusted Notes: Not Applicable Not Applicable 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 USD200,000 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 London and New York 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 Retail Investors: 26 Prohibition of Sales to 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 the Issue Date (c) Estimate of total expenses GBP 4,010.00 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 (b) Estimated net proceeds: USD100,000,000 5 Fixed Rate Notes only-Yield Indication of yield: 0.82 per cent. 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: XS2436587641 Common Code: 243658764 CFI: DTFUFB FISN: QNB FINANCE LIM/.82EMTN 20230125 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, Citigroup Global Markets Limited 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
January 20, 2022 07:00 ET (12:00 GMT)
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