TIDM77NQ
RNS Number : 4558I
QNB Finance Ltd
12 August 2021
FINAL TERMS
PROHIBITION OF SALES TO EEA 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"). 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 has been prepared and
therefore offering or selling the Notes or otherwise making them
available to any retail investor in the EEA may be unlawful under
the PRIIPs Regulation.
PROHIBITION OF SALES TO 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 United Kingdom ("UK"). For these purposes, a
retail investor means a person who is one (or more) of: (i) a
retail client, as defined in point (8) of Article 2 of Regulation
(EU) No 2017/565 as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("EUWA"); (ii) a customer
within the meaning of the provisions of the Financial Services and
Markets Act 2000 (the "FSMA") and any rules or regulations made
under the FSMA to implement Directive (EU) 2016/97, where that
customer would not qualify as a professional client, as defined in
point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it
forms part of domestic law by virtue of the EUWA ("UK MiFIR"); or
(iii) not a qualified investor as defined in Article 2 of
Regulation (EU) 2017/1129 as it forms part of domestic law by
virtue of the EUWA (the "UK Prospectus Regulation"). Consequently,
no key information document required by Regulation (EU) No
1286/2014 as it forms part of domestic law by virtue of the EUWA
(the "UK PRIIPs Regulation") for offering or selling the Notes or
otherwise making them available to retail investors in the UK has
been prepared and therefore offering or selling the Notes or
otherwise making them available to any retail investor in the UK
may be unlawful under the UK PRIIPs Regulation.
Final Terms dated 10 August 2021
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of CNY 500,000,000 Fixed Rate Notes due August 2026
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 London Stock
Exchange, which is a regulated market (as defined in UK MiFIR), to
which only qualified investors (as defined in the UK 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 manufacturer's
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
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 17 March 2021 and the supplements thereto
dated 12 April 2021 and 12 July 2021, which together constitute a
base prospectus (the "Prospectus") for the purposes of Regulation
(EU) 2017/1129 as it forms part of domestic law by virtue of the
EUWA (the "UK Prospectus Regulation"). This document constitutes
the Final Terms of the Notes described herein for the purposes of
the UK Prospectus Regulation and must be read in conjunction with
the Prospectus in order to obtain all the relevant information. The
Prospectus and the supplements 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: 368
(b) Tranche Number: 1
3 Specified Currency or Currencies: Offshore Renminbi (CNY)
4 Aggregate Nominal Amount CNY 500,000,000.00
of Notes:
(a) Series: CNY 500,000,000.00
(b) Tranche: CNY 500,000,000.00
5 Issue Price: 100 per cent. of the Aggregate
Nominal Amount
6 (a) Specified Denominations: CNY 1,000,000.00
(b) Calculation Amount: CNY 1,000,000.00
7 (a) Issue Date: 12 August 2021
(b) Interest Commencement Issue Date
Date:
8 Maturity Date: 12 August 2026
9 Interest Basis: 3.301 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: 3.301 per cent. per annum payable
annually in arrear
(b) Interest Payment Date(s): Annually on 12 August in each
year, commencing from 12 August
2022, up to and including the
Maturity Date, subject to adjustment
in accordance with the the Modified
Following Business Day Convention
(c) Fixed Coupon Amount(s): The 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: Act/365 (Fixed)
(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 1,000,000.00 per Calculation
of each Note: Amount
21 Early Redemption Amount: Applicable
Early Redemption Amount(s) As per Condition 6(b)
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, Beijing, New York
special provisions relating and London
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 Retail Investors:
26 Prohibition of Sales to 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 has been made by
the Issuer (or on its behalf)
for the Notes to be admitted
to trading on the London Stock
Exchange's Main 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 will
not be rated
3 Interests of Natural and Legal Persons Involved in the
Issue
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
5 [Fixed Rate Notes only-Yield
Indication of yield: 3.301 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: XS2370602299
Common Code: 237060229
CFI: DTFUFB
FISN: Not Applicable
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 Squre, London E14
5 AL, 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, Nomura International plc
name of Dealer:
(e) US Selling Restrictions: Reg. S Compliance Category 2
TEFRA D
(f) Additional selling Not Applicable
restrictions:
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
PFTDKBBNCBKKFFD
(END) Dow Jones Newswires
August 12, 2021 08:00 ET (12:00 GMT)
Qnb Fin 27 (LSE:77NQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Qnb Fin 27 (LSE:77NQ)
Historical Stock Chart
From Jul 2023 to Jul 2024
