QNB Group, Qatar's largest bank, has issued its inaugural euro-denominated green bond — a EUR 750 million five-year instrument launched on 23 September 2025 under the bank's Sustainable Finance and Product Framework. The transaction sets a record as the largest Euro-denominated green bond ever issued by a GCC bank.
The bond drew peak orders of 2.5 times the issue size and priced at 75 basis points over mid-swaps, tightened from initial guidance of 100-105 basis points, with a 3.00% annual coupon. Fifty-six per cent of the total allocation was directed to dedicated ESG and green investors. Proceeds will be used to finance or refinance eligible green project categories in accordance with the bank's Sustainable Finance and Product Framework, a governance structure that sets out the criteria for asset selection, proceeds management and investor reporting.
QNB has a footprint spanning more than 28 countries across the Middle East, Africa, Southeast Asia and beyond.
ELIGIBLE GREEN CATEGORIES
Eligible green categories under QNB's framework include renewable energy, energy efficiency, clean transportation and sustainable water management, among other environmentally beneficial activities.
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