TIDM77NQ
RNS Number : 6050X
QNB Finance Ltd
05 May 2021
FINAL TERMS
Final Terms dated 3 May 2021
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of ZAR 290,000,000 5.00 per cent. Notes due 2025
(to be consolidated and form a single series with the existing
issue of ZAR 770,000,000 5.00 per cent. Notes due 2025 issued on 10
December 2020)
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 each 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 18 March 2020 and the supplement(s) thereto
dated 14 April 2020, 7 August 2020, 13 October 2020 and 18 January
2021, which are incorporated by reference into the prospectus dated
17 March 2021. This document constitutes the Final Terms of the
Notes described herein for the purposes of Regulation (EU)
2017/1129 as it forms part of domestic law by virtue of the EUWA
(the "UK Prospectus Regulation") and must be read in conjunction
with the prospectus dated 17 March 2021 and the supplement(s)
thereto dated 12 April 2021, which together constitute a base
prospectus (the "Prospectus") for the purposes of the UK Prospectus
Regulation, in order to obtain all the relevant information, save
in respect of the Conditions, which are extracted from 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.
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: 347
(b) Tranche Number: 2
3 Specified Currency or Currencies: South African Rand ("ZAR")
4 Aggregate Nominal Amount ZAR 290,000,000
of Notes:
(a) Series: ZAR 290,000,000
(b) Tranche: ZAR 290,000,000
5 Issue Price: 100 per cent. of the Aggregate
Nominal Amount plus accrued
interest from 10 December 2020
to the Issue Date
6 (a) Specified Denominations: ZAR 20,000
(b) Calculation Amount: ZAR 20,000
7 (a) Issue Date: 5 May 2021
(b) Interest Commencement 10 December 2020
Date:
8 Maturity Date: 10 December 2025
9 Interest Basis: 5.00 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: 5.00 per cent. per annum payable
annually in arrear
(b) Interest Payment Date(s): Annually on 10 December in each
year commencing and including
on 10 December 2021 up to and
including the Maturity Date
not adjusted
(c) Fixed Coupon Amount(s): ZAR 1,000 per Calculation Amount
(d) Broken Amount(s): Not Applicable
(e) Day Count Fraction: 30/360 un-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 ZAR 20,000 per Calculation Amount
of each Note:
21 Early Redemption Amount: Applicable
Early Redemption Amount(s) ZAR 20,000
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 London, Johannesburg and New
special provisions relating York
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 International
Securities Market of the London
Stock Exchange with effect from
5 May 2021.
(c) Estimate of total expenses GBP 695.00
related to admission to
trading:
2 Ratings: The Notes to be issued have
been rated:
Moody's: Aa3
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: ZAR 295,840,277.78 (which includes
accrued interest in the amount
of ZAR 5,840,277.78)
5 Fixed Rate Notes only-Yield
Indication of yield: 5.00 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: Temporary ISIN XS2339427580,
expected to funge with permanent
ISIN XS2271245040 40 calendar
days after the Issue Date
Common Code: Temporary Common Code 233942758,
expected to funge with permanent
Common Code 227124504 40 calendar
days after the Issue Date
CFI: DTFNFB
FISN: QNB FINANCE LIM/5EMTN 20251210
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, Credit Suisse Securities (Europe)
name of Dealer: Limited
(e) US Selling Restrictions: Reg. S Compliance Category 2;
TEFRA D
(f) Additional selling Not Applicable
restrictions:
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END
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May 05, 2021 07:00 ET (11:00 GMT)
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