QNB Bank AS (fka QNB Finansbank AS) (QNBFB)

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QNB Bank AS (fka QNB Finansbank AS) (QNBFB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	FNCL	PRCD	QNBFB	QNB Bank AS (fka QNB Finansbank AS)	$300		1	EMEA	Nov 8, 2023

Tranche #1QNB Bank AS (fka QNB Finansbank AS)

currency

USD

size (m)

300.000

maturity

Nov 15, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Tsy

ranking

moody's

Caa1

s&p

fitch

size description

re-open/tap

ipt

11.25% a

ipt-pxd

guidance

10.875-11.00%

spread

623.7

coupon

10.75%

spread set

price

100.00000

yield

10.75%

book size (m)

675

peak book (m)

x-covered

2.25

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

675

peak book (m)

x-covered

2.25

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 675; First Pay: 2024-05-15; Redemption: 2028-11-15; Registration: Reg S Only; Comments: USD300m exp 10NC5 Tier 2 RegS. Caa1/N/A/CCC+. Citi/JPM/Mashreq/Miz/QNB/SG/StCh(B&D). IPTs 11.25% area yield, guidance 10.875%/11% for 300m, launch 10.75%. Books subject 1.1bn+ incl 30m JLM. T 4.875% 10/28, 101-19 / 4.513%, T+623.7. FTT 8am. Tax Call: Yes. Reset Date: 2028-11-15. Regulatory Call: Yes (Capital disqualification event). LEI: 789000Q21SW842S9IJ58;

Deal Comments

Tier 2

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QNB Bank AS (fka QNB Finansbank AS) (QNBFB)

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