Published: October 1, 2014
Qatari bank makes first foray into the syndicated market.
Ahli Bank QSC has secured its first syndicated loan, raising US$200mn from 11 banks – double the US$100mn it went to market for.
The loan is priced at 120 basis points over Libor. The Qatari bank raised the money for general corporate purposes.
Barclays, Commerzbank, HSBC and First Gulf Bank acted as initial mandated lead arrangers and bookrunners.
They were joined in syndication by Arab Banking Corporation, Abu Dhabi Commercial Bank, ING, Mizuho Bank, National Bank of Bahrain, Standard Chartered Bank and Commercial Bank of Dubai.