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Qatar national bank signs $1.8 billion loan

200-qnb

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.

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August 8, 2012 4:21 by



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 percent over the London interbank offered rate (Libor).

The loan was marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC, JP Morgan and Standard Chartered.



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