QNB Group has announced the completion of a bond issuance under its Euro Medium Term Note (EMTN) programme in the international capital markets. A $1.0bn tranche was issued on August 31, maturing in five years with an attractive fixed rate coupon of 2.125% a year. This rate is the lowest, for the tenor, issued by any financial institution in the region. The Reg S issue attracted strong interest around the world by key global investors with 2.5 times over-subscription. This reflects investors’ confidence in QNB Group’s financial strength and the bank’s position as the largest financial institution in the Middle East and Africa region, the lender said. It also reflects their high confidence in QNB Group’s strategy over the coming years. The deal was arranged and offered through a syndicate of joint lead managers that includes Barclays Bank, HSBC Bank, Mizuho Bank, MUFG securities EMEA, QNB Capital, and Standard Chartered Bank. PICTURE: Nasar T K