Qatar’s Commercial Bank in talks for $1 billion loan - sources | Reuters:
Commercial Bank, Qatar’s third-largest lender by assets, is in early talks with banks to refinance a $1 billion syndicated loan, sources close to the matter said.
The deal would be the second significant syndicated loan raised by Qatari banks over the next few months, as sources told Reuters this week that Qatar National Bank, the Middle East’s largest lender, plans to refinance a 2.25 billion euro ($2.64 billion) facility due in May next year.
Commercial Bank’s loan would replace an existing facility due in December this year. Discussions for the refinancing are at an early stage, said the sources.
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