Doha:– QNB Group, the largest financial institution in the Middle East and Africa, received three prestigious awards during the the Annual mtn-i MTN Awards ceremony held recently in Hong Kong.

The Group won the Issuer of the Year award as the most impressive issuer for the past 12 months in the non-syndicated market and raised close to USD6.5bn in 2018 alone, driven mostly by an International investor base, mainly Asian.

QNB also won the Deal of the Year award for its USD2.4bn FRNs Series due 2020 .This is an individual award that recognizes both QNB and Bank of America Merrill Lynch (as a sole dealer). The US bank raised USD2.4bn for QNB via a pair of trades, which was an astonishing size for a private placement.

The Group was as well named as (Co lead Dealer) for Deal of the Year for the State of Qatar’s USD6bn Formosa Notes due 2048. The State of Qatar included a Taipei-listed USD6bn 30-year bullet in its high-profile return to the international bond markets this year, becoming the first ever-sovereign state to issue a Formosa bond.

QNB was recognized as a co-lead book runner among several other dealers arranging this important transaction.

These awards recognize the Group’s successful completion of transactions, reinforcing its position as a major player in the regional and international banking market and reflecting its successful strategy and robust financial performance coupled with its strong asset quality and high credit ratings.

The Group’s presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is around 29,000 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines.

-Ends-                                             

 

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.