Bond QNB Group 0% ( XS1743814029 ) in EUR

Issuer	QNB Group
Market price	100 % ⇌
Country	Qatar
ISIN code	XS1743814029 ( in EUR )
Interest rate	0%
Maturity	19/12/2018 - Bond has expired
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Minimal amount	200 000 EUR
Total amount	25 000 000 EUR
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. A financial instrument identified by the ISIN code XS1743814029, a bond issued by Qatar National Bank, has successfully matured and been fully repaid on December 19, 2018, marking the completion of its lifecycle. This particular obligation was denominated in Euros (EUR) and originated from Qatar, the home country of its issuer. Qatar National Bank (QNB) is a leading financial institution, recognised as one of the largest and most established banks in the Middle East and Africa region, playing a significant role in Qatar's economic landscape and boasting an extensive international network. The total size of this bond issuance amounted to 25,000,000 EUR, reflecting a significant capital-raising exercise by QNB. A distinctive feature of this bond was its 0% interest rate, indicating that no periodic coupon payments were distributed to investors throughout its term, with the single payment event, referred to as a frequency of '1', being the principal repayment at maturity. At the time of its redemption, the bond was trading at 100% of its face value on the market, affirming the full repayment of the principal amount to bondholders. With a minimum purchase size set at 200,000 EUR, this instrument was primarily targeted at institutional investors or sophisticated high-net-worth individuals, rather than the broader retail market. The timely and complete redemption of this bond exemplifies standard fixed-income market operations as instruments reach their scheduled maturity dates.