QNB Finance Ltd Publication of Final Terms (ISIN: XS2297886710) (2608P)
February 23 2021 - 6:00AM
UK Regulatory
TIDM77NQ
RNS Number : 2608P
QNB Finance Ltd
23 February 2021
FINAL TERMS
PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS - The Notes
are not intended to be offered, sold or otherwise made available to
and should not be offered, sold or otherwise made available to any
retail investor in the European Economic Area ("EEA") or in the
United Kingdom (the "UK"). For these purposes, a retail investor
means a person who is one (or more) of: (i) a retail client as
defined in point (11) of Article 4(1) of Directive 2014/65/EU (as
amended, "MiFID II"); (ii) a customer within the meaning of
Directive (EU) 2016/97 (the "IDD"), where that customer would not
qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II; or (iii) not a qualified investor as
defined in Regulation (EU) 2017/1129 (the "Prospectus Regulation").
Consequently no key information document required by Regulation
(EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for
offering or selling the Notes or otherwise making them available to
retail investors in the EEA or in the UK has been prepared and
therefore offering or selling the Notes or otherwise making them
available to any retail investor in the EEA or in the UK may be
unlawful under the PRIIPs Regulation.
Final Terms dated 23 February 2021
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of CNY 150,000,000 Fixed Rate Notes due 25 February
2026
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme
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 13 October 2020, 18 March 2020 and the
supplement(s) thereto dated 18 January 2021, which together
constitutes 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: 324
(b) Tranche Number: 1
3 Specified Currency or Currencies: Chinese Renminbi ("CNY")
* Purchasers of the CDs should
note that the Renminbi is not
a freely convertible currency.
All payments in respect of
the CDs will be made solely
by transfer to a Renminbi bank
account maintained in Hong
Kong in accordance with prevailing
rules and regulations. The
Issuer cannot be required to
make payment by any other means
(including in currency or by
transfer to a bank account
in the PRC). In addition, there
can be no assurance that access
to Renminbi funds for the purposes
of making payments on the CDs
or generally may not remain
or become restricted.
4 Aggregate Nominal Amount
of Notes:
(a) Series: CNY 150,000,000
(b) Tranche: CNY 150,000,000
5 Issue Price: 100 per cent. of the Aggregate
Nominal Amount
6 (a) Specified Denominations: CNY 1,000,000
(b) Calculation Amount: CNY 1,000,000
7 (a) Issue Date: 25 February 2021
(b) Interest Commencement Issue Date
Date:
8 Maturity Date: 25 February 2026
9 Interest Basis: 3.30 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) Board approval for issuance Not Applicable
of Notes and Guarantee obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions: Applicable
(a) Rate(s) of Interest: 3.30 per cent. per annum payable
annually in arrear
(b) Interest Payment Date(s): The first Coupon Payment Date
is 25 Febuary 2022. The subsequent
coupon payment dates are on 25(th)
of February of each year with
the Final Coupon Payment Date
falls on the Maturity Date, subject
to adjustment and in accordance
with the Modified Following Business
Day Convention
(c) Fixed Coupon Amount[(s)]: Each Fixed Coupon Amount shall
be calculated by multiplying
the product of the Rate of Interest
and the Calculation Amount by
the Day Count Fraction and rounding
the resultant figure to the nearest
CNY0.01, CNY0.005 being rounded
upwards
(d) Broken Amount(s): Not Applicable
(e) Day Count Fraction: Actual/365 (Fixed), adjusted
(f) Determination Dates: Not Applicable
(g) Other terms relating Not Applicable
to the method of calculating
interest for Fixed Rate
Notes:
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 CNY 1,000,000 per Calculation
of each Note: Amount
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 New York, London and Hong Kong
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 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 26 February
2021.
(c) Estimate of total expenses GBP 645
related to admission to
trading:
2 Ratings: Not Applicable
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: CNY 150,000,000
5 Fixed Rate Notes only-Yield
Indication of yield: 3.30 per cent per annum payable
at annually in arrear
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: XS2297886710
Common Code: 229788671
CFI: Not Available
FISN: Not Available
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, Standard Chartered Bank
name of Dealer:
(e) US Selling Restrictions: Reg. S Compliance Category 2;
TEFRA D
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END
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