1. Qatar National Bank2012 assets: $100,784,020 2011 assets: $82,954,761 Growth: 21.49% Net profit in 2012: $2,314,022 ROA 2012: 2.30%
Qatar National Bank (QNB), the largest listed lender in the Gulf Arab region, plans to issue a benchmark-sized, dual-tranche bond denominated in US dollars and has mandated five banks to arrange the sale, a document from lead arrangers showed.
QNB will issue three-year floating rate notes with initial price thoughts at 140 basis points over the three-month London Interbank Offer Rate (LIBOR), the document showed.
A five-year, fixed-rate tranche has initial pricing guidance of 155 bps over midswaps. Benchmark-sized offerings are typically at least $500 million in size.
The lender has mandated HSBC Holdings, Standard Chartered, J.P. Morgan Chase Inc, Royal Bank of Scotland and its own investment banking arm for the sale.