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