Monday 16 November 2020

#Qatar National Bank closes syndication of $3.5 billion loan - statement | Reuters

Qatar National Bank closes syndication of $3.5 billion loan - statement | Reuters

Qatar National Bank QNBK.QA, the Gulf's biggest lender, said on Monday it has closed the syndication for its dual-tranche $3.5 billion senior unsecured term loan.

Sources had told Reuters last month that QNB was planning to raise the loan to refinance an existing $3.5 billion debt facility raised in 2017 that matures next month.

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