BRIEF: Doha Bank Closes $525 Mln Syndicated Loan Facility

DOHA BANK DOBK.QA :

* ENTERS INTO AN UNSECURED CO-PRINCIPAL LOAN TRANSACTION OF $525 MILLION

* FACILITY, WHICH WILL BE USED FOR GENERAL WORKING CAPITAL PURPOSES, CARRIES A MARGIN OF 100 BASIS POINTS PER ANNUM OVER USD LIBOR

* FACILITY HAS A BULLET REPAYMENT AT END OF TWO-YEAR TENOR WITH A FURTHER ONE-YEAR EXTENSION OPTION EXERCISABLE AT DISCRETION OF LENDERS

* SAYS $525 MILLION LOAN IS SYNDICATED SENIOR UNSECURED TERM LOAN FACILITY

Source:(https://bit.ly/2AhptOu) Further company coverage: DOBK.QA

((Reuters.Briefs@thomsonreuters.com;))