QNB Group Announces the Successful Issuance of Its Inaugural Euro Green Bond Amounting to Eur 750 Million under Its Medium Term Note Programme

QNB Group announced the successful completion of an inaugural benchmark green bond issuance in euro currency under its Medium Term Note Programme (“Programme”) in the international capital markets. Under this Programme, a five year, EUR 750 million tranche was launched on 23 September 2025. This is the largest ever Euro denominated green bond issuance from a GCC bank. QNB Group is the leader of sustainability initiatives in the region and it has embedded the topic of sustainability throughout the organization to deliver positive impact to the societies we serve. This landmark transaction reflects QNB’s steadfast commitment towards further development of green and sustainable finance products in Qatar and its core markets as per its Sustainable Finance and Product Framework. The issuance attracted overwhelming interest from a wide range of global investors leading to the issuance being heavily oversubscribed, with peak orders at 2.5 times the issue size. The pricing on the bonds tightened significantly with the final pricing at 75 bps over mid swaps compared to the initial pricing of 100-105 basis points over mid swaps. The fixed coupon on the bond is 3.00% p.a. The order book reflected significant interest across various geographies with key interest from European and Asian investors, reflecting QNB Group’s strategy of diversifying its funding sources in terms of geography and currency mix. Green investors which include dedicated funds that invest in assets with rigorous sustainable criteria, represented 56% of the allocation. The proceeds of this green bond will be utilized for financing or refinancing portfolio of projects that qualify under the eligible green project categories as set out in the QNB Group’s Sustainable Finance and Product Framework. The transaction was arranged and offered through a syndicate of Joint Lead Managers and Joint Bookrunners that included Barclays, Crédit Agricole CIB, HSBC, QNB Capital and Santander.