QNB Finance Ltd Publication of Final Terms (ISIN XS2427254177) (8484X)

TIDM77NQ

RNS Number : 8484X

QNB Finance Ltd

09 January 2022

Final Terms dated 6 January 2022

QNB Finance Ltd

(LEI: 549300MY0DXTHQEX5O57)

Issue of USD 20,000,000 0.57 per cent Fixed Rate Notesdue 10 January 2023

Guaranteed by Qatar National Bank (Q.P.S.C.)

under the U.S.$22,500,000,000

Medium Term Note Programme

MiFID II 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 eligible counterparties and professional clients only, each as defined in MiFID II; 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 MiFID II 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.

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")] [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 which constitutes 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 is 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:                         388 
      (b) Tranche Number:                        1 
 3    Specified Currency or Currencies:          USD ("USD") 
 4    Aggregate Nominal Amount                   USD 20,000,000 
       of Notes: 
      (a) Series:                                USD 20,000,000 
      (b) Tranche:                               USD 20,000,000 
 5    Issue Price:                               100 per cent. of the Aggregate 
                                                  Nominal Amount 
 6    (a) Specified Denominations:               USD 200,000 
      (b) Calculation Amount:                    USD 200,000 
 7    (a) Issue Date:                            10 January 2022 
      (b) Interest Commencement                  Issue Date 
       Date: 
 8    Maturity Date:                             10 January 2023 
 9    Interest Basis:                            0.57 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) Board approval for issuance            Not Applicable 
       of Notes obtained: 
 

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

 
 14   Fixed Rate Note Provisions:      Applicable 
      (a) Rate of Interest:            0.57 per cent. per annum payable 
                                        semi-annually in arrear 
      (b) Interest Payment Dates:      10 July and 10 January in each 
                                        year 
                                       Not adjusted 
      (c) Fixed Coupon Amount:         570 per Calculation Amount 
      (d) Broken Amount:               Not Applicable 
      (e) Day Count Fraction:          30/360 Following Un-Adjusted 
      (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 
 

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    100 per Calculation Amount 
       of each Note: 
 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    London, 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         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 the Issue Date 
       (c) Estimate of total expenses           GBP 695.00 
        related to admission to 
        trading: 
 2     Ratings:                                 The Notes to be issued have 
                                                 been unrated 
 3     Interests of Natural and Legal Persons Involved in the 
        Issue/Offer 
       Save as discussed in "Subscription and Sales/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 19,999,061 
 5     Yield 
  Indication of yield:                          0.57 
                                                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:                                    XS2427254177 
  Common Code:                                  242725417 
  CFI:                                          DTFUFB 
  FISN:                                         QNB FINANCE LIM/.57EMTN 20230110 
  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):                      One Canada Square 
                                                 London E14 5AL 
  Trade Date:                                   30 December 2021 
  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,                        Goldman Sachs International 
   name of Dealer:                               Plumtree Court 
                                                 25 Shoe Lane 
                                                 London EC4A 4AU 
  (e) US Selling Restrictions:                  Reg. S Compliance Category 1; 
                                                 TEFRA D 
  (f) Additional selling                        Not Applicable 
   restrictions: 
 

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