Bond QNB Group 0% ( XS1876033314 ) in USD

Issuer	QNB Group
Market price	100 % ⇌
Country	Qatar
ISIN code	XS1876033314 ( in USD )
Interest rate	0%
Maturity	11/09/2023 - Bond has expired
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Minimal amount	200 000 USD
Total amount	100 000 000 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. Qatar National Bank (QNB), a prominent financial institution headquartered in Qatar and a key player in the Middle East and North Africa (MENA) banking sector, recently saw the successful maturity and redemption of its USD-denominated zero-coupon bond; this fixed-income instrument, identified by ISIN XS1876033314, had an original issuance size of USD 100,000,000 with a minimum purchase threshold of USD 200,000 and, despite carrying a 0% interest rate typical for zero-coupon structures, successfully reached its maturity date on September 11, 2023, and was fully redeemed at its par value of 100%, thus completing its life cycle.