Qatari bank completes Taiwanese bond issuance

17 September 2017

QNB issuance is valued at $630m

Qatar’s QNB Group has completed a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme in the Taiwanese capital markets.

The $630m tranche was issued on 13 September 2017 with a maturity of 30 years callable every five years, carrying a fixed coupon rate of 5 per cent a-year.

The issuance was arranged by Standard Chartered Bank.

QNB was the GCC’s largest listed lender by assets at the end of 2016, with about $76bn separating the bank from its closest rival, Dubai’s Emirates NBD, according to MEED’s annual ranking of the GCC’s largest banks.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications