+ A
A -
Tribune News NEtwork
Doha
QNB Group, the largest financial institution in the Middle East and Africa, received three prestigious awards during the the Annual mtn-i MTN Awards ceremony held recently in Hong Kong, a press release said on Sunday.
The group won the issuer of the year award as the most impressive issuer for the past 12 months in the non-syndicated market and raised close to $ 6.5 billion in 2018 alone, driven mostly by an International investor base, mainly Asian.QNB also won the Deal of the Year award for its $2.4 billion FRNs Series due 2020.
This is an individual award that recognises both QNB and Bank of America Merrill Lynch (as a sole dealer). The US bank raised $2.4 billion for QNB via a pair of trades, which was an astonishing size for a private placement.
The group was as well named as (Co lead Dealer) for Deal of the Year for the State of Qatar's $6 billion Formosa Notes due 2048.
Qatar included a Taipei-listed $6 billion 30-year bullet in its high-profile return to the international bond markets this year, becoming the first ever-sovereign state to issue a Formosa bond.
QNB was recognised as a co-lead book runner among several other dealers arranging this important transaction.
These awards recognise the group's successful completion of transactions, reinforcing its position as a major player in the regional and international banking market and reflecting its successful strategy and robust financial performance coupled with its strong asset quality and high credit ratings.
The group's presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is around 29,000 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines.
