Middle Eastern bank pair print rare MTNs

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By Frank Jackman
06 Feb 2020

Qatar National Bank returned to the euro market for the first time since March 2018 this week, while there was also an unusual outing in Saudi riyal as Emirates NBD made its debut in the currency — the first from a non-Saudi issuer since 2018.

QNB Financesold a €20m February 2022 floating rate note on Tuesday. The note pays a coupon of three month Euribor plus 78bp. Crédit Agricole ran the deal but did not disclose the issue price.

QNB is always open to enquiries, and is quoting similar levels to ...

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