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Qatar National Bank closes $1.8bn loan facility
- Qatar: Wednesday, August 08 - 2012 at 16:38
The QE Index in Doha hit a four-month high Wednesday, closing up 0.44% at 8,402.19 points. Qatar National Bank or QNB dipped 0.40% to QR133. Earlier in the day, QNB said it successfully closed syndication of its $1.8bn three year senior unsecured term loan facility . "The syndication was well supported and closed oversubscribed, allowing the Facility to be upsized from the launch amount of $1.5bn," Qatar's largest lender said, adding that "The new loan Facility will be used for general corporate purposes. The interest rate is Libor plus 1.00% per annum." Initial Mandated Lead Arrangers and Bookrunners were the Bank of Tokyo-Mitsubishi, Deutsche Bank, HSBC, J.P. Morgan Limited and Standard Chartered Bank.
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Gérard Al-Fil, Financial JournalistWednesday, August 08 - 2012 at 16:38 UAE local time (GMT+4)
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