TIDM77NQ
RNS Number : 3498Z
QNB Finance Ltd
24 January 2022
FINAL TERMS
Final Terms dated 24 January, 2022
QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)
Issue of HKD 300,000,000 Fixed Rate Notes due January 2027
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 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 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 EUWA ("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 manufacturers'
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 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 17 March 2021 and the supplement(s) thereto
dated 12 April 2021, 12 July 2021, 11 October 2021 and 18 January
2022 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 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: 394
(b) Tranche Number: 1
3 Specified Currency or Currencies: Hong Kong Dollars ("HKD")
4 Aggregate Nominal Amount
of Notes:
(a) Series: HKD 300,000,000
(b) Tranche: HKD 300,000,000
5 Issue Price: 100 per cent. of the Aggregate
Nominal Amount
6 (a) Specified Denominations: HKD 1,000,000
(b) Calculation Amount: HKD 1,000,000
7 (a) Issue Date: 25 January 2022
(b) Interest Commencement Issue Date
Date:
8 Maturity Date: 25 January 2027
9 Interest Basis: 2.40 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) 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 of Interest: 2.40 per cent. per annum payable
semi-annually in arrear
(b) Interest Payment Date(s): 25 January and 25 July in each
year up to and including the
Maturity Date.
(c) Fixed Coupon Amount(s): Not Applicable
(d) Broken Amount(s): Not Applicable
(e) Day Count Fraction: Actual/365 (Fixed), Adjusted
in accordance with the Modified
Following Business Day Convention
(f) Determination Dates: Interest Payment Date
(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 HKD 1,000,000 per Calculation
of each Note: Amount
21 Early Redemption Amount: Not Applicable
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 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 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 2,660.00
related to admission to
trading:
2 Ratings: The Notes to be issued have
been rated:
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: HKD 300,000,000
5 Fixed Rate Notes only-Yield
Indication of yield: 2.40 per cent.
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: XS2436160001
Common Code: 243616000
CFI: 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: As updated, 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):
Trade Date: 18 January 2022
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, HSBC Bank plc
name of Dealer:
(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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