Bond QNB Group 0% ( XS2333222375 ) in USD

Issuer QNB Group
Market price 100 %  ⇌ 
Country  Qatar
ISIN code  XS2333222375 ( in USD )
Interest rate 0%
Maturity 20/04/2022 - Bond has expired



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Minimal amount 200 000 USD
Total amount 65 000 000 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 informative analysis focuses on the recently matured and repaid bond, identified by the ISIN code XS2333222375. This specific debt instrument, a zero-coupon bond, was issued by Qatar National Bank (QNB), a prominent financial institution based in Qatar. QNB stands as the largest financial institution in Qatar and is recognized as one of the leading banks across the Middle East and Africa region. With a substantial presence both domestically and internationally, QNB plays a pivotal role in supporting economic development and facilitating financial services across diverse sectors, known for its robust asset base and strong credit profile. The bond, denominated in United States Dollars (USD), represented a total issue size of 65,000,000 USD. As a zero-coupon instrument, it was structured without periodic interest payments, implying that investors would have purchased the bond at a discount to its face value, with the full principal amount of 100% repayable at maturity. The minimum purchase size for this particular issuance was set at 200,000 USD, catering to institutional investors or high-net-worth individuals. Originating from Qatar, the bond was successfully issued within the country's sovereign and economic framework. Its stated maturity date was April 20, 2022. Consistent with its zero-coupon nature, no interest rate was applied, and consequently, no semi-annual or other periodic coupon payments occurred. Upon reaching its scheduled maturity, the bond was duly repaid in full, at its par value of 100% of the principal amount, confirming the successful conclusion of the obligation for investors. This redemption signifies the complete fulfillment of the issuer's commitment under the bond's terms and conditions.