Morning Commentary: PPF Arena lifts from issue; QNB’s new 3 1/8% notes mostly flat

By Rebecca Melvin

New York, March 22 – Central & Eastern Europe-focused PPF Arena 1 BV’s newly priced 3 1/8% seven-year notes traded up to 101 on Friday after the telecom infrastructure company priced a debut issue of €550 million of notes at par, according to a market source.

Meanwhile, Qatar National Bank QPSC’s new 3½% notes were mostly flat after the lender priced $1 billion of the five-year paper at 99.144 to yield mid-swaps plus 130 basis points.

The new QNB notes were quoted at 99.08 bid, 99.18 offered, according to second market source.

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