QNB secures $3bn three-year loan
DOHA, March 18, 2015
Qatar National Bank (QNB) Group said it has signed a $3 billion three-year loan deal with a group of 20 international lenders to help fund general operations of the bank.
Barclays Bank and HSBC (the co-ordinators), together with The Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, Mizuho Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation were mandated as initial mandated lead arrangers and bookrunners.
The group also announced that it had already prepaid in full the earlier existing loan of $1.8 billion loan prior to issuing the above mentioned new loan facility.-TradeArabia News Service