QNB Group announces issuance of inaugural EUR 750m green bond

Doha, Qatar: QNB Group announced the successful completion of an inaugural benchmark greenbond issuance in euro currency under its Medium Term Note Pr...

Doha, Qatar: QNB Group announced the successful completion of an inaugural benchmark greenbond issuance in euro currency under its Medium Term Note Programme (“Programme”) in the international capital markets.

Under this Programme, a five-year, EUR 750m 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.