Latest news with #EMTN
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
CB issues three-year bonds worth QR500 mnsuccessfully
QNA Doha Commercial Bank, a Qatari public shareholding company, successfully issued a 3-year tenor, QR500 million senior-unsecured bonds with a coupon of 4.9 percent. In a statement published on the Qatar Stock Exchange (QSE) website on Thursday, the bank noted that the bonds were issued under its EMTN program and are listed on the Euronext Dublin. The bank said that the successful completion of this transaction underscores the robustness of the Qatari economy and Commercial Bank's strong credit fundamentals and reaffirms the bank's standing as a leading financial institution in the region with a strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the joint lead managers for the issuances, according to the statement. Commercial Bank Group CEO Joseph Abraham said, 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retailinvestor bases.' 'The strong investor response reaffirms the confidence in the bank and the State of Qatar and credit ratings reflect our proactivity in risk management and robust liquidity; both of which are integral to executing our corporate strategic vision,' he added. The proceeds from the bonds will support the bank's funding diversification strategy and long-term growthobjectives.
Argaam
12-06-2025
- Business
- Argaam
SNB plans to issue USD-denominated debt instruments
Saudi National Bank (SNB) announced today, June 12, its intention to issue US dollar-denominated Tier 2 debt instruments under its Euro Medium Term Note (EMTN) program. The issuance will be through a special purpose vehicle and offered to qualified investors both inside and outside the Kingdom, SNB said in a statement to Tadawul. SNB said that the value and terms of the offer will be determined subject to the market conditions. The bank aims to strengthen Tier 2 capital for its general commercial purposes and to meet its financial and strategic goals. SNB appointed Abu Dhabi Commercial Bank (ADCB), DBS Bank Ltd., Emirates NBD Bank (ENBD), Goldman Sachs International, HSBC Bank PLC, J.P. Morgan Securities PLC, Mashreqbank, Mizuho International PLC, SNB Capital, SMBC Nikko Capital Markets Limited, and Standard Chartered Bank collectively as joint lead managers and joint bookrunners for the potential offering. The offer will be subject to the approval of relevant regulatory authorities and will be in compliance with the applicable laws and regulations. This announcement is not intended as an invitation to purchase, acquire, or subscribe to any securities and is subject to the terms and conditions of the notes. The bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations.
Yahoo
10-06-2025
- Business
- Yahoo
Norsk Hydro: Successful placement of inaugural European Green Bond
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent (3.779 percent reoffer yield). "We are delighted to have completed such a successful placement and issued our inaugural EuGB. The strong interest confirms that Hydro is considered an attractive investment for bond investors supporting our strategy of pioneering the green aluminium transition, powered by renewable energy. We are pleased to have achieved highly competitive terms," says Chief Financial Officer, Trond Olaf Christophersen. An amount equivalent to the proceeds from the bond issue will be allocated to eligible activities as detailed in Hydro's European Green Bond Factsheet. The transaction also markets Hydro as the first issuer of an EuGB from the Nordic region, highlighting the company's commitment to the development of the sustainable finance markets. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie, Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the transaction. Citi acted as the Green Structuring Bank. Investor contactElitsa 91775472 Media contactAnders Vindegg+47 Group Treasury and TaxNesrin Taraf+47 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Yahoo
10-06-2025
- Business
- Yahoo
Norsk Hydro: Successful placement of inaugural European Green Bond
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent (3.779 percent reoffer yield). "We are delighted to have completed such a successful placement and issued our inaugural EuGB. The strong interest confirms that Hydro is considered an attractive investment for bond investors supporting our strategy of pioneering the green aluminium transition, powered by renewable energy. We are pleased to have achieved highly competitive terms," says Chief Financial Officer, Trond Olaf Christophersen. An amount equivalent to the proceeds from the bond issue will be allocated to eligible activities as detailed in Hydro's European Green Bond Factsheet. The transaction also markets Hydro as the first issuer of an EuGB from the Nordic region, highlighting the company's commitment to the development of the sustainable finance markets. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie, Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the transaction. Citi acted as the Green Structuring Bank. Investor contactElitsa 91775472 Media contactAnders Vindegg+47 Group Treasury and TaxNesrin Taraf+47 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading in to access your portfolio
The Star
04-06-2025
- Business
- The Star
Affin Group debuts in US bond market with US$300mil note issue
KUALA LUMPUR: Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme. The bank said in a statement today that the issuance follows the establishment of the EMTN programme and Affin's recent inaugural international credit rating of A3 (Stable) from Moody's Investor Services, Inc. "The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112 per cent per annum and rated A3 (Stable) by Moody's Investor Services Inc, affirming the bank's robust credit profile and stable outlook. "The issuance attracted strong global demand, with the final order book exceeding US$1 billion across 67 investor accounts, representing 3.5 times oversubscription,' it said. Affin said the distributions geographically comprised 87 per cent to Asia, 11 per cent to Europe, Middle East, and Africa (EMEA), and two per cent to offshore US investors. It said that by investor type, the notes were allocated 72 per cent to asset, fund managers/insurance, 24 per cent to banks, and four per cent to private banks/others. Meanwhile, Affin Group president and group chief executive officer Datuk Wan Razly Abdullah said the bank's debut in the US dollar bond market marks a significant progression in the group's capital markets strategy, drawing strong global investor demand. "The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established. "Guided by the Affin Axelerate 2028 (AX28) Plan, the group remains committed to unlocking long-term value through unrivalled customer service, digital leadership and responsible banking with impact,' he added. - Bernama
