Tuesday, Feb 14, 2012
DUBAI (Zawya Dow Jones)--QNB Finance, a subsidiary of Qatar National Bank (QNBK.DO), will raise $1 billion through the sale of a five-year bond, priced to yield 3.456%, a banker familiar with the deal said Tuesday.
The bond received strong demand and has a coupon of 3.375% to be paid semi-annually, the banker, who declined to be identified, told Zawya Dow Jones.
Barclays Capital, Citigroup Inc., HSBC Holdings PLC, QNB Capital and Standard Chartered PLC are joint bookrunners on the bond issue.
QNB is rated Aa3 by Moody's Investors Service Inc. and A+ by Standard & Poor's Corp. and Fitch Ratings.
-By Nikhil Lohade, Dow Jones Newswires; +9714 4461694; nikhil.lohade@dowjones.com
(END) Dow Jones Newswires
14-02-12 1742GMT
