Qatar QNB closes $1.96bln 3-year term loan facility

Syndication was oversubscribed and supported by 31 banks

  
An ATM is seen outside the building of Qatar National Bank in Doha, Qatar January 16, 2018.

An ATM is seen outside the building of Qatar National Bank in Doha, Qatar January 16, 2018.

REUTERS/Stringer

Qatar's QNB Group has closed a 1.75 billion euros ($1.96 billion) three-year senior unsecured term. 

The banking group said in a Qatar Stock Exchange filing that the financing saw a large oversubscription and was well supported in syndication by a group of 31 participating banks.

The loan syndication was arranged by Credit Agricole CIB, ING Bank, Intesa Sanpaolo, Societe Generale and UniCredit as underwriters and initial mandated lead arrangers. Societe Generale was the documentation and facility agent.

(Writing by Brinda Darasha; editing by Daniel Luiz) 

brinda.darasha@refinitiv.com 

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