UPDATE 1-Qatar's Commercial Bank says targets $750 million loan refinancing | Reuters:
Commercial Bank, Qatar’s third-largest lender by assets, aims to raise $750 million through a syndicated loan, a bank spokesman said on Thursday.
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.
The Commercial Bank loan is “business as usual” and would be used to refinance an existing loan, the bank spokesman said.
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