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540590 - Riddhiorate Services News Story

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Last Trade - 12/10/21

Sector
Industrials
Size
Micro Cap
Market Cap £15.6m
Enterprise Value £15.8m
Revenue £8.29m
Position in Universe 1768th / 3166

QNB Finance Ltd - Publication of Final Terms (ISIN: XS2240810650)

Mon 8th February, 2021 7:00am
RNS Number : 2323O
QNB Finance Ltd
07 February 2021
 

NO PROSPECTUS IS REQUIRED IN ACCORDANCE WITH THE PROSPECTUS REGULATION FOR THE ISSUE OF THE INSTRUMENTS DESCRIBED BELOW. THE UNITED KINGDOM FINANCIAL CONDUCT AUTHORITY HAS NEITHER APPROVED NOR REVIEWED ANY INFORMATION CONTAINED IN THIS PRICING SUPPLEMENT AND ANY INSTRUMENTS ISSUED PURSUANT TO THIS PRICING SUPPLEMENT ARE NOT COMPLIANT WITH THE PROSPECTUS REGULATION.

 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 PR Exempt Instruments has led to the conclusion that: (i) the target market for the PR Exempt Instruments 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 European Union (Withdrawal) Act 2018 ("UK MiFIR"); and (ii) all channels for distribution of the PR Exempt Instruments to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the PR Exempt Instruments (a "distributor") should take into consideration the manufacturer's 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 PR Exempt Instruments (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.

Pricing Supplement dated 4 February 2021

QNB Finance Ltd
(LEI: 549300MY0DXTHQEX5O57)


Issue of TRY 350,000,000 13.50 per cent. Notes due 6 October 2025

(to be consolidated and form a single series with the existing issue of TRY 150,000,000 13.50 per cent. Notes due 6 October 2025 issued on 6 October 2020)
Guaranteed by Qatar National Bank (Q.P.S.C.)
under the U.S.$22,500,000,000
Medium Term Note Programme

 

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 18 March 2020 and the supplementary listing particulars dated 14 April 2020, 13 October 2020, 7 August 2020 and January 18, 2021, which together constitute listing particulars (the "Listing Particulars"). This document constitutes the Pricing Supplement of the PR Exempt Instruments described herein and must be read in conjunction with the Listing Particulars. This document does not constitute listing particulars that the FCA has reviewed or approved pursuant to Listing Rule 4 of the FCA Handbook. Full information on the Issuer and the offer of the PR Exempt Instruments is only available on the basis of the combination of this Pricing Supplement and the Listing Particulars. The Listing Particulars and the supplements thereto are available for viewing 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

 

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14

Fixed Rate Note Provisions:

Applicable

 

 

(a)  Rate of Interest:

13.50 per cent. per annum payable annually in arrear

 

 

(b)  Interest Payment Date(s):

6 October in each year from and including 6 October 2021 to and including the Maturity Date

 

 

(c)  Fixed Coupon Amount[(s)]:

TRY 1,350 per Calculation Amount

 

 

(d)  Broken Amount(s):

Not Applicable

 

 

(e)  Day Count Fraction:

Actual/Actual (ICMA)

 

 

(f)   Determination Dates:

6 October in each year

 

 

(g)  Other terms relating to the method of calculating interest for Fixed Rate Notes:

Not Applicable

 

 

15

Floating Rate Note Provisions:

Not Applicable

 

16

Zero Coupon Note Provisions:

Not Applicable

PROVISIONS RELATING TO REDEMPTION

GENERAL PROVISIONS APPLICABLE TO THE NOTES

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

 

 

 

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