Qatar National Bank signs $1.8 bn loan
Doha, August 8, 2012
Qatar National Bank, the Gulf Arab state's largest lender, signed a $1.8-billion three-year loan after completing a syndication process orchestrated by five international banks, it said on Wednesday.
The loan was originally $1.5 billion but was increased after it was oversubscribed, the statement said.
The loan, which the bank said was for general corporate purposes, pays 1 per cent over the London interbank offered rate (Libor).
It was marketed by Bank of Tokyo-Mitsubishi, Deutsche Bank, HSBC, JP Morgan and Standard Chartered. – Reuters
Tags: Qatar | Doha | loan | Qatar National Bank |
More Finance & Capital Market Stories
- Emirates NBD launches $1bn bond
- Kuwait budget surplus may hit $52 billion
- Peru road shows target Mideast markets
- EFG Hermes Q1 net profit up 27pc
- ADCB sells $300m of subordinated bonds
- Standard Chartered’s credit card wins award
- Emirates NBD seals Dubai tower deal
- Dar Al Arkan raises $450m from sukuk sale
- Barclays advises on equities over bonds
- World Bank boosts funds for Syria refugees
