QNB Receives Three Prestigious MTN Awards

Doha, October 21 (QNA) - QNB Group received three prestigious awards during the Annual mtn-i MTN Awards ceremony, the leading global MTN news and data analytics platform, held recently in Hong Kong in the presence of top executives, figures, and CEOs in the global banking sector. The Group won the Issuer of the Year award as the most impressive issuer for the past 12 months in the non-syndicated market and raised close to $6.5 billion in 2018 alone, driven mostly by an International investor base, mainly Asian. QNB also won the Deal of the Year award for its $2.4 billion FRNs Series due 2020. This is an individual award that recognizes both QNB and Bank of America Merrill Lynch (as a sole dealer). The US bank raised $2.4 billion for QNB via a pair of trades, which was an astonishing size for a private placement. The Group was as well named as (Co lead Dealer) for Deal of the Year for the State of Qatars $6 billion Formosa Notes due 2048. The State of Qatar included a Taipei-listed $6 billion 30-year bullet in its high-profile return to the international bond markets this year, becoming the first ever-sovereign state to issue a Formosa bond. These awards recognize the Groups successful completion of transactions, reinforcing its position as a major player in the regional and international banking market and reflecting its successful strategy and robust financial performance coupled with its strong asset quality and high credit ratings. MTN-I Awards are one of the most prestigious awards in the international banking sector and are offered to institutions that provide the best banking services in the world. The Groups presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is around 29,000 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines. (QNA)