Published: August 15, 2012
Interest from international banks increases deal size.
Qatar National Bank (QNB) has secured US$1.8bn in a three-year, senior unsecured loan from a syndicate of banks.
The deal was oversubscribed, leading to QNB raising more than the US$1.5bn it was intending to raise.
Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC, JP Morgan and Standard Chartered were appointed initial mandated lead arrangers and bookrunners. Bank of Tokyo-Mitsubishi UFJ was also the facility agent.
The funds, for which the bank will pay 1% over Libor, will be used for general corporate purposes.