Qatar National Bank aims to refinance $3 bln loan by year-end –sources

Qatar National Bank aims to refinance $3 bln loan by year-end –sources:

"Qatar National Bank, the largest Gulf Arab bank, has approached commercial banks for the refinancing of a $3 billion loan due next March, saying it would like to complete the deal before the end of 2017, sources familiar with the matter said. The refinancing could force foreign banks to make difficult decisions as they seek to avoid choosing sides in the diplomatic crisis between Qatar and its Gulf neighbours. Some banks with operations on both sides are trying to maintain existing relationships with Qatari borrowers. But they would prefer not to be seen lending to Qatar for fear of disrupting their existing relationships with clients in Saudi Arabia, the United Arab Emirates and Bahrain."



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