QNB Group announced the successful completion of QNB Group’s first green benchmark bond issuance and first ever green bond issued by a Qatari bank. Under the MTN Programme, USD600 million tranche in the form of Senior Unsecured Notes was issued with a maturity of 5 years and listed on the London Stock Exchange under Sustainable Bond Market segment. The proceeds from this green bond issuance will be used to finance and/or refinance assets in verified Eligible Green Projects.
QNB Group received subscriptions in excess of USD1.8 billion demonstrating the global investor’s confidence in QNB Group’s solid financial fundamentals and strong financial performance. The issuance was part of QNB Group’s ongoing strategy to ensure diversification of funding in terms of type, tenor and geography as an example of commitment to ESG principles. The Reg S issue attracted strong interest from investors globally and was arranged by Barclays PLC as Global Coordinator and Joint Lead Manager, ING as Sole Sustainability Structuring Advisor and Joint Lead Manager, and Crédit Agricole, HSBC, QNB Capital and Standard Chartered Bank as Joint Lead Managers.