Information  X 
Enter a valid email address

QNB Finance Ltd (77NQ)

  Print      Mail a friend

Tuesday 15 December, 2020

QNB Finance Ltd

Publication of Final Terms (ISIN: XS2272719654)

RNS Number : 6823I
QNB Finance Ltd
15 December 2020
 

 

Final Terms dated December 09, 2020

QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)


Issue of CNY 240,000,000 Fixed Rate Notes due 23 December 2025
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme

 

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 18 March 2020, MTN Supplments dated 14 April 2020 and 07 August 2020, which constitutes a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of the 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:


(b)  Guarantor:

2

 (a) Series Number:


 (b) Tranche Number:

3

Specified Currency or Currencies:

4

Aggregate Nominal Amount of Notes:


(a) Series:


(b) Tranche:

5

Issue Price:

100.00 per cent. of the Aggregate Nominal Amount

6

 (a) Specified Denominations:


(b) Calculation Amount:

7

(a) Issue Date:


(b) Interest Commencement Date:

8

Maturity Date:

9

Interest Basis:

3.73 per cent. Fixed Rate

10

Redemption/Payment Basis:

11

Change of Interest or Redemption/Payment Basis:

12

Put/Call Options:

Not Applicable

13

(a) Status of the Notes:

Senior


(b) Status of the Guarantee:

Senior


(c)  Date Board approval for issuance of Notes and Guarantee obtained:

Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14

Fixed Rate Note Provisions:

Applicable

 

 

(a)  Rate of Interest:

3.73 per cent. per annum payable annually in arrear

 

 

(b)  Interest Payment Date(s):

23 December in each year, commencing 23 December 2021 upto and including the Maturity Date, and adjusted in accordance with the Modified Following Business Day Convention

 

 

(c)  Fixed Coupon Amount:

Each Fixed Coupon Amount shall be calculated by multiplying the product of the Rate of Interest and the Calculation Amount by the Day Count Fraction and rounding the resultant figure to the nearest CNY 0.01, with  CNY 0.005 being rounded upwards.

 

 

(d)  Broken Amount(s):

Not Applicable

 

 

(e)  Day Count Fraction:

Actual/365 (Fixed)

 

 

(f)  Determination Dates:

Not Applicable

 

 

(g)  Other terms relating to the method of calculating interest for Fixed Rate Notes:

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 of each Note:

CNY 1,000,000 per Calculation Amount

21

Early Redemption Amount:

Applicable

 

Early Redemption Amount(s) 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):

CNY 1,000,000 per Calculation Amount

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 special provisions relating to payment dates:

Hong Kong, New York and London

24

Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature):

No

25

Prohibition of Sales to EEA and UK Retail Investors :

Not Applicable

 

26

Other terms or special conditions:

Not Applicable

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 is expected to be made by the Issuer (or on its behalf) for the Notes to be admitte to trading on the London Stock Exchange's Regulated Market with effect from December 23, 2020

 

(c)  Estimate of total expenses related to admission to trading:

GBP 2,545.00

2

Ratings:

The Notes to be issued will not be rated

3

Interests of Natural and Legal Persons Involved in the Issue/Offer

 

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:

CNY 240,000,000

5

Fixed Rate Notes only-Yield

 

 

Indication of yield:

3.73 per cent. per annum

 

 

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:

XS2272719654

 

Common Code:

227271965

 

CFI:

See the website of the Association of National Numbering Agencies (ANNA) or alternatively sourced from the National Numbering Agency that assigned the ISIN

 

FISN:

See the website of the Association of National Numbering Agencies (ANNA) or alternatively sourced from the National Numbering Agency that assigned the ISIN

 

Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking S.A. and the relevant identification number(s):

Not Applicable

 

Names and addresses of initial Paying Agent(s):

The Bank of New York Mellon, acting through its London Branch

One Canada Square

London E14 5AL

United Kingdom

 

Names and addresses of additional Paying Agent(s) (if any):

Not Applicable

 

7

 

Distribution

 

 

(a)   Method of distribution:

Non-syndicated

 

(b)   If syndicated, names of Managers:

Not Applicable

 

(c)   Stabilisation Manager(s) (if any):

Not Applicable

 

(d)   If non-syndicated, name of Dealer:

 

(e)   US Selling Restrictions:

 

(f)   Additional selling restrictions:

Not Applicable

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PFTKKPBNOBDKPBD

a d v e r t i s e m e n t