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Tribune News Network
Doha
QNB Group has announced the successful completion of an inaugural Kangaroo bond issuance under its Kangaroo programme.
Under this programme, an A$700 million transaction was executed, with five and ten-year maturities, QNB said in a statement to Qatar Stock Exchange on Wednesday.
This issuance was part of QNB Group's strategy to tap new sources of stable funding from new markets.
QNB has mandated ANZ, Bank of America Merrill Lynch and QNB Capital as joint lead managers for this multi tranche transaction under the Kangaroo programme.
This success confirms the trust of international investors in QNB Group's strategy and the strength of its financial position, the bank said in the statement.
