Qatar National Bank Closes $1.8bn Loan Facility

Doha, August 08 (QNA) - QNB Group on Wednesday said it has successfully closed syndication of its $1.8bn three year senior unsecured term loan facility . "The syndication was well supported and closed oversubscribed, allowing the Facility to be upsized from the launch amount of $1.5bn," QNB said, adding that "The new loan Facility will be used for general corporate purposes. The interest rate is Libor plus 1.00% per annum." Initial Mandated Lead Arrangers and Book runners were the Bank of Tokyo-Mitsubishi, Deutsche Bank, HSBC, J.P. Morgan Limited and Standard Chartered Bank. (QNA)