Bond QNB Group 0% ( XS1739397526 ) in USD

Issuer	QNB Group
Market price	100 % ⇌
Country	Qatar
ISIN code	XS1739397526 ( in USD )
Interest rate	0%
Maturity	21/12/2047
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Minimal amount	1 000 000 USD
Total amount	110 000 000 USD
Detailed description	Qatar National Bank (QNB) is a leading financial institution in the Middle East and Africa, offering a wide range of financial products and services to individuals and corporations. An in-depth analysis of a specific debt instrument, classified as an obligation, reveals key characteristics pertinent to the fixed-income market. This particular bond, identified by the ISIN code XS1739397526, has been issued by Qatar National Bank (QNB), a prominent financial institution based in Qatar. QNB stands as the largest financial institution in the Middle East and Africa region, serving as a cornerstone of Qatar's economic development and boasting a significant international presence across more than 31 countries. The bond, originating from Qatar, is denominated in US Dollars (USD) and represents a total issuance size of 110,000,000. It is designed for institutional or high-net-worth investors, as indicated by a substantial minimum purchase amount of 1,000,000. This long-term instrument carries a maturity date extending to December 21, 2047. A notable feature of this bond is its stated zero interest rate (0%), which means it does not accrue or disburse periodic coupon payments in the conventional manner. Despite this, its current market price stands at 100% of its par value. The specifications also indicate a payment frequency of 2; however, for a bond with a 0% interest rate currently trading at par, this frequency would not apply to interest disbursements and may instead refer to other specific contractual clauses or reporting intervals inherent to this particular financial product.