Qatar QNB closes $1.96bln 3-year term loan facility | ZAWYA MENA Edition
Qatar's QNB Group has closed a 1.75 billion euros ($1.96 billion) three-year senior unsecured term.
The banking group said in a Qatar Stock Exchange filing that the financing saw a large oversubscription and was well supported in syndication by a group of 31 participating banks.
The loan syndication was arranged by Credit Agricole CIB, ING Bank, Intesa Sanpaolo, Societe Generale and UniCredit as underwriters and initial mandated lead arrangers. Societe Generale was the documentation and facility agent.
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