QNB Group, one of the Middle East and Africa’s leading financial institutions, has announced the successful completion of its first-ever Shogun bond issuance denominated in Qatari riyals (QR). The bond, valued at QR500 million, was exclusively offered to international investors and marks a significant milestone in the Group’s funding strategy.
The three-year bond, which carries an attractive yield, represents the first time a Qatari riyal-denominated Shogun bond has been issued in the international market. This innovative move is part of QNB Group’s broader strategy to diversify its funding sources and tap into new markets for stable financing.
SMBC Group was appointed as the sole arranger for the issuance, which has been met with strong demand from international investors. The success of the bond issuance underscores the confidence of global investors in QNB Group’s financial strength and strategic vision.
QNB Group, recognized as one of the most valuable banking brands in the region, has a robust presence across 28 countries in Asia, Europe, and Africa. With a workforce of over 31,000 professionals, the Group is committed to delivering innovative banking solutions and tailored services to its customers worldwide.
The issuance of the Shogun bond in Qatari riyals not only highlights QNB Group’s ability to attract international investors but also reinforces the growing appeal of the Qatari currency in global financial markets. This achievement aligns with the Group’s ongoing efforts to strengthen its position as a leading financial institution in the Middle East and beyond.
QNB Group’s successful foray into the Shogun bond market is expected to pave the way for similar initiatives in the future, further solidifying its reputation as a pioneer in the banking sector. The Group’s strategic focus on innovation, coupled with its strong financial performance, continues to drive its mission of delivering banking excellence on a global scale.
As QNB Group expands its footprint and explores new opportunities, this landmark issuance serves as a testament to its resilience, adaptability, and commitment to maintaining its leadership in the ever-evolving financial landscape.
