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FINANCIAL NEWS
QNB sells USD2.75bn Tier 1 capital notes
12 Jun 2016
(MENAFN) Qatar National Bank (QNB), raised USD2.75 billion of Tier 1 capital through a private placement of perpetual notes.
QNA said that it’s the largest such issue ever conducted in the Middle East and Africa region.
The fully subscribed issue aimed to strengthen the bank’s capital adequacy ratios and support future growth, QNB said without providing details of the pricing or the investors who bought the notes.
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