Qatar  | عربي

QNB, a leading financial institution in the Middle East and Africa, is pleased to announce that it has successfully closed syndication of its 3-year EUR 2,250,000,000 senior unsecured Euro term loan facility. The facility was upsized from EUR 1,500,000,000 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 N.V. as initial mandated lead arranger. The facility was further supported by Industrial and Commercial Bank of China Doha (QFC) Branch, Doha Bank Q.S.C 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.

About QNB

QNB Group was established in 1964 as the country’s first Qatari-owned commercial bank. Ownership is split between the Government of the State of Qatar through its investment arm, Qatar Investment Authority (50%) and the private sector (50%).
QNB has steadily grown to become the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region by total assets, loans, deposits and profit. QNB Group, subsidiaries and associate companies operate in more than 27 countries around the world, across 3 continents, through more than 640 locations, supported by more than 1,400 ATMs and employing more than 15,300 staff.  The Bank is among the highest rated regional banks with long term credit ratings of A+/Aa3/AA- from Standard & Poor’s, Moody’s and Fitch, respectively.
 

 

 

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