QNB wins 3 MTN awards
October 22 2018 12:18 AM
The MTN Awards recognise the QNB Group's successful completion of transactions, reinforcing its position as a major player in the regional and international banking market.
QNB Group has received three awards during the 'Annual mtn-i MTN Awards' ceremony held recently in Hong Kong.
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 $6.5bn in 2018 alone, driven mostly by an international investor base, mainly Asian.
QNB also won the 'Deal of the Year' award for its $2.4bn FRNs Series due 2020 .This is an individual award that recognises both QNB and Bank of America Merrill Lynch (as a sole dealer). The US bank raised $2.4bn for QNB via a pair of trades, which was an astonishing size for a private placement.
The group was also named as (Co lead Dealer) for Deal of the Year for Qatar's $6bn Formosa Notes due 2048. The state of Qatar included a Taipei-listed $6bn, 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.
QNB was recognised as a co-lead book runner among several other dealers arranging this important transaction.
These awards recognise the group's 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.
The group's presence through its subsidiaries and associate companies now extends to 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.
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