TIDM77NQ
RNS Number : 4838A
QNB Finance Ltd
02 February 2022
Final Terms dated 3 February 2022
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of AUD 30,000,000 3.40 per cent. Fixed Rate Notes due
February 2032
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme
UK MiFIR product governance / Professional investors and ECPs
only target market - Solely for the purposes of the manufacturer's
product approval process, the target market assessment in respect
of the Notes has led to the conclusion that: (i) the target market
for the Notes is only eligible counterparties, as defined in the
FCA Handbook Conduct of Business Sourcebook ("COBS"), and
professional clients, as defined in Regulation (EU) No 600/2014 as
it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 (the "UK MiFIR"); and (ii) all channels for
distribution of the Notes to eligible counterparties and
professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "distributor")
should take into consideration the manufacturer's target market
assessment; however, a distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook (the "UK
MiFIR Product Governance Rules") is responsible for undertaking its
own target market assessment in respect of the Notes (by either
adopting or refining the manufacturer's target market assessment)
and determining appropriate distribution channels.
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 17 March 2021 and the supplements thereto
dated 12 April 2021, 12 July 2021, 11 October 2021 and 18 January
2022 which together constitute a base prospectus (the "Prospectus")
for the purposes of Regulation (EU) 2017/1129 as it forms part of
domestic law by virtue of the EUWA (the "UK Prospectus
Regulation"). This document constitutes the Final Terms of the
Notes described herein for the purposes of the UK Prospectus
Regulation and must be read in conjunction with the Prospectus in
order to obtain all the relevant information. The Prospectus and
the supplements thereto are 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: QNB Finance Ltd
(b) Guarantor: Qatar National Bank (Q.P.S.C.)
2 (a) Series Number: 397
(b) Tranche Number: 1
3 Specified Currency or Currencies: Australian Dollars ("ADD")
4 Aggregate Nominal Amount AUD 30,000,000
of Notes:
(a) Series: AUD 30,000,000
(b) Tranche: AUD 30,000,000
5 Issue Price: 100.00 per cent. of the Aggregate
Nominal Amount
6 (a) Specified Denominations: AUD 200,000 and integral multiples
of AUD 200,000 in excess thereof
(b) Calculation Amount: AUD 200,000
7 (a) Issue Date: 7 February 2022
(b) Interest Commencement Issue Date
Date:
8 Maturity Date: 7 February 2032
9 Interest Basis: 3.40 per cent. per annum Fixed
Rate
10 Redemption/Payment Basis: Redemption at par
11 Change of Interest or Redemption/Payment Not Applicable
Basis:
12 Put/Call Options: Not Applicable
13 (a) Status of the Notes: Senior
(b) Status of the Guarantee: Senior
(c) [Date [Board] approval Not Applicable
for issuance of Notes [and
Guarantee] obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions: Applicable
(a) Rate(s) of Interest: 3.40 per cent. per annum payable
(b) Interest Payment Date(s): annually in arrear
(c) Fixed Coupon Amount(s): The first Coupon Payment Date
(d) Broken Amount(s): is 7 February 2023. The subsequent
(e) Day Count Fraction: Coupon Payment Dates are on 7
(f) Determination Dates: February of each year with the
(g) Other terms relating final Coupon Payment Date falling
to the method of calculating on the Maturity Date, subject
interest for Fixed Rate to adjustment in accordance with
Notes: the Following Business Day Convention.
Not Applicable
Not Applicable
30/360, unadjusted
Not Applicable
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 AUD 200,000 per Calculation Amount
of each Note:
21 Early Redemption Amount: Applicable
Early Redemption Amount(s) As per the Conditions
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):
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 Sydney, London and New York
special provisions relating
to payment dates:
24 Talons for future Coupons No
to be attached to Definitive
Notes (and dates on which
such Talons mature):
25 Prohibition of Sales to Not Applicable
EEA Retail Investors:
26 Prohibition of Sales to Not Applicable
UK Retail Investors:
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
admitted to trading on the London
Stock Exchange's Main Market
with effect from 7 February
2022.
(c) Estimate of total expenses GBP 695.00
related to admission to
trading:
2 Ratings: The Notes to be issued have
been rated:
S&P: A
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: AUD 30,000,000
5 Fixed Rate Notes only-Yield
Indication of yield: 3.40 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: XS2439215208
Common Code: 243921520
CFI: DTFUFB, as updated, as set out
on the website of the Association
of National Numbering Agencies
(ANNA) or alternatively sourced
from the National Numbering
Agency that assigned the ISIN
FISN: QNB FINANCE LIM/3.4EMTN 20320207,
as updated, as set out on 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) Not Applicable
other than Euroclear Bank
SA/NV and Clearstream Banking
S.A. and the relevant identification
number(s):
Names and addresses of The Bank of New York Mellon,
initial Paying Agent(s): acting through its London Branch
One Canada Squre
London E14 5AL
United Kingdom
Names and addresses of Not Applicable
additional Paying Agent(s)
(if any):
Trade Date: 25 January 2022
7 Distribution
(a) Method of distribution: Non-syndicated
(b) If syndicated, names Not Applicable
of Managers:
(c) Stabilisation Manager(s) Not Applicable
(if any):
(d) If non-syndicated, Merrill Lynch International
name of Dealer:
(e) US Selling Restrictions: Reg. S Compliance Category 2;
TEFRA D
(f) Additional selling Not Applicable
restrictions:
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END
PFTBKBBNDBKDOBK
(END) Dow Jones Newswires
February 02, 2022 06:59 ET (11:59 GMT)
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