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Report: Qatar National Bank issues US$600M of Formosa bonds

Qatar National Bank (QPSC) issued US$600 million 40-year Formosa bonds, Reuters reported, citing a bank spokesman and other sources.

Morgan Stanley acted as the sole arranger on the issuance, the report noted. The notes issuance is part of the lender's efforts to expand its funding sources.

Formosa bonds are those issued in Taiwan in currencies other than the Taiwan dollar.