Home Industry Finance Qatar National Bank To Sell Dual-Tranche Bond QNB will issue three-year floating rate notes by Reuters October 23, 2013 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. 0 Comments