Home Industry Finance QNB Prices $1bn Bond The bond was five times oversubscribed and received orders from more than 270 investors globally. by Reuters February 15, 2012 Qatar National Bank, the Gulf state’s largest lender by market value, priced a $1 billion five-year bond on Tuesday, the first global issue from a Qatari name this year. The bond was priced at 235 basis points over midswaps and carried a coupon of 3.375 per cent. Final pricing was tighter than initial guidance of 245 basis points over midswaps, issued earlier on Tuesday, indicating strong appetite for the issue. On Wednesday, QNB said the bond was five times oversubscribed and received orders from more than 270 investors globally, in a statement to the Qatar stock exchange. Proceeds from the bond are to be used for the general purposes of the bank, the statement added. Barclays Capital, Citigroup, HSBC, Standard Chartered and QNB Capital were mandated arrangers on the deal. Tags Breaking News 0 Comments You might also like 19 injured after fire breaks out in a building in Abu Dhabi Two killed and over 100 injured in Abu Dhabi gas explosion Dubai’s DIFC Authority To Split Into Two Entities Syrian Defence Minister Killed