PHOTO
29 May 2016
DOHA: QNB announced yesterday that it has successfully closed syndication of its 3-year Euro 2.25bn senior unsecured Euro term loan facility. The facility was upsized from ¤1.5bn due to strong market over-subscription by the 14 participating banks.
QNB mandated Crédit Agricole Corporate and Investment Bank and Société Générale Corporate & Investment Banking as initial mandated lead arrangers, underwriters and bookrunners to arrange the facility.
They were joined by ING Bank NV as initial mandated lead arranger. The facility was further supported by Industrial and Commercial Bank of China Doha (QFC) Branch, Doha Bank QSC and UniCredit Bank AG as mandated lead arrangers, Commerzbank AG, Filiale Luxemburg as arranger, Banque et Caisse d'Epargne de l'Etat, Luxembourg, Banque Internationale à Luxembourg, The Korea Development Bank, London Branch, Shinkin Central Bank, State Bank of India, London Branch, UBI Banca S.p.A. and Zürcher Kantonalbank as managers.
The new facility will be used for general corporate purposes and pays an interest rate of Euribor plus 105bps.
DOHA: QNB announced yesterday that it has successfully closed syndication of its 3-year Euro 2.25bn senior unsecured Euro term loan facility. The facility was upsized from ¤1.5bn due to strong market over-subscription by the 14 participating banks.
QNB mandated Crédit Agricole Corporate and Investment Bank and Société Générale Corporate & Investment Banking as initial mandated lead arrangers, underwriters and bookrunners to arrange the facility.
They were joined by ING Bank NV as initial mandated lead arranger. The facility was further supported by Industrial and Commercial Bank of China Doha (QFC) Branch, Doha Bank QSC and UniCredit Bank AG as mandated lead arrangers, Commerzbank AG, Filiale Luxemburg as arranger, Banque et Caisse d'Epargne de l'Etat, Luxembourg, Banque Internationale à Luxembourg, The Korea Development Bank, London Branch, Shinkin Central Bank, State Bank of India, London Branch, UBI Banca S.p.A. and Zürcher Kantonalbank as managers.
The new facility will be used for general corporate purposes and pays an interest rate of Euribor plus 105bps.
© The Peninsula 2016
