#Qatar National Bank closes $2.26bln loan with high subscription | ZAWYA MENA Edition

Qatar National Bank closes $2.26bln loan with high subscription | ZAWYA MENA Edition:

Qatar National Bank , the largest bank by assets in the Middle East and Africa, said on Wednesday it had closed a syndicated, three-year loan worth 2 billion euros ($2.26 billion), with subscriptions reaching 3.5 billion euros.

The new syndicated loan replaces a 2.25 billion euro-denominated loan obtained in May 2016.

"Despite the excess commitments received, QNB decided to reduce the overall issuance and closed the transaction successfully at 2.0 billion euros," a statement from QNB said.