TIDM77NQ
RNS Number : 2607P
QNB Finance Ltd
16 February 2021
FINAL TERMS
Final Terms dated 16 February 2021
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of CNH 500,000,000 Fixed Rate Notes due February 2024
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme
The Notes will only be admitted to trading on the London Stock
Exchange, which is a regulated market (as defined in MiFID II), to
which only qualified investors (as defined in the Prospectus
Regulation) can have access and shall not be offered or sold to
non-qualified investors.
MiFID II 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 eligible counterparties and professional clients
only, each as defined in MiFID II; 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 manufacturers' target market
assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in
respect of the Notes (by either adopting or refining the
manufacturers' target market assessment) and determining
appropriate distribution channels.
Singapore SFA Product Classification: In connection with Section
309B of the Securities and Futures Act (Chapter 289) of Singapore
(the "SFA") and the Securities and Futures (Capital Markets
Products) Regulations 2018 of Singapore (the "CMP Regulations
2018"), the Issuer has determined, and hereby notifies all relevant
persons (as defined in Section 309A(1) of the SFA), that the Notes
are 'prescribed capital markets products' (as defined in the CMP
Regulations 2018) and are Excluded Investment Products (as defined
in MAS Notice SFA 04 N12: Notice on the Sale of Investment Products
and MAS Notice FAA N16: Notice on Recommendations on Investment
Products).
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 and the supplement(s) thereto
dated 14 April 2020, 7 August 2020, 13 October 2020 and 18 January
2021, which together constitute 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 and
the supplement(s) 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: 325
(b) Tranche Number: 1
3 Specified Currency or Currencies: Renminbi deliverable in Hong
Kong ("CNH")
4 Aggregate Nominal Amount
of Notes:
(a) Series: CNH 500,000,000
(b) Tranche: CNH 500,000,000
5 Issue Price: 100 per cent. of the Aggregate
Nominal Amount
6 (a) Specified Denominations: CNH 1,000,000 with integral
multiples of USD CNH 1,000,000
in excess thereof
(b) Calculation Amount: CNH 1,000,000
7 (a) Issue Date: 18 February 2021
(b) Interest Commencement Issue Date
Date:
8 Maturity Date: 18 February 2024, subject to
adjustment in accordance with
the Business Day Convention
9 Interest Basis: 3.28 per cent. 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: 3.28 per cent. per annum payable
annually in arrear
(b) Interest Payment Date(s): 18 February in each year, commencing
on the 18 February 2022 up to
and including the Redemption
Date, adjusted in accordance
with the Modified Business Day
Convention
(c) Fixed Coupon Amount: Not Applicable
(d) Broken Amount(s): Not Applicable
(e) Day Count Fraction: Actual/365 (Fixed), Adjusted
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 CNH 1,000,000 per Calculation
of each Note: Amount
21 Early Redemption Amount: Not 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):
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 Hong Kong, 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 and 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 Regulated Market
with effect from the Issue Date.
(c) Estimate of total expenses GBP 4,010.00
related to admission to
trading:
2 Ratings: The Notes to be issued have
been rated: Aa3 (Moody's)
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: CNH 500,000,000
6 Operational Information
ISIN: XS2299092747
Common Code: 229909274
CFI: QNB FINANCE LIM/3.28EMTN 20240218,
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: DTFUFB, 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 Square
London E14 5AL
United Kingdom
Names and addresses of Not Applicable
additional Paying Agent(s)
(if any):
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, Barclays Bank PLC
name of Dealer:
(e) US Selling Restrictions: Reg. S Compliance Category 2;
TEFRA D
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END
PFTDKABPKBKDFBD
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February 16, 2021 07:00 ET (12:00 GMT)
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