Latham & Watkins represented Qatar National Bank (QNB), 50% owned by the State of Qatar, in connection with the establishment of QNB Finance Ltd.’s US$7.5 billion Euro Medium Term Notes program guaranteed by QNB. This follows the November 2010 debut bond offering by QNB Finance Ltd., guaranteed by QNB, of US$1.5 billion 3.125% Senior Notes due 2015. Notes issued under the program will be admitted to the official list of the London Stock Exchange.
The Latham & Watkins corporate team was led by Doha partner Craig Stoehr and London partner Lene Malthasen, along with counsel Dipti Thakar and associates Helena Kim, Mohammed Al-Khater, Matthew Cohen and Lisa Dean.
“Once again, we were delighted to work with QNB, one of the leading financial institutions in the MENA region, in establishing this landmark program less than one year after QNB’s debut US$1.5 billion bond offering,” said Latham’s Craig Stoehr. “QNB’s ability to continually improve its growth during difficult economic times globally is a testament to the strength and vision of the QNB management team.”
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