Doha, 12 June 2016- QNB announced that it has successfully raised QAR 10 billion in Additional Tier 1 Perpetual Capital Notes by way of private placement, to strengthen the Group's Capital Adequacy Ratios and to support future growth across the QNB Group in accordance with Group's strategy. The Additional Tier 1 Perpetual Capital Notes were the inaugural issuance by QNB Group and the single largest issuance in the Middle East and Africa region. These notes were fully subscribed and reflects strong investor confidence in QNB's successful execution of its strategic growth objectives. QNB - Qatar National Bank SAQ published this content on 12 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2016 09:54:02 UTC.
Qatar National Bank (QNB) has successfully raised QAR 10bn ($2.74bn) in Additional Tier 1 Perpetual Capital Notes, reflecting strong investor confidence in its strategic growth objectives. The additional capital will work to support future growth while strengthening QNB's Capital Adequacy Ratios.