ZAWYA: Pricing out for Qatar National Bank EUR 750mln 5-year green bond
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Qatar National Bank (QNB) has priced its inaugural €750 million ($885 million) five-year green bond at MS +75bps, with a 3% annual coupon rate and a re-offer yield of 3.144%. The bond, which received orders exceeding €1.7 billion, will be listed on the London Stock Exchange and aims to finance projects under QNB's Sustainable Finance Framework. The bank, rated Aa2 by Moody’s and A+ by S&P and Fitch, is 50% owned by the Qatari government and is the largest bank in Qatar by total assets.
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