Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Commercial Bank Signs $1 Billion Two Part Loan  Join our daily free Newsletter

MENAFN - Qatar News Agency - 25/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Commercial Bank of Qatar (CBQ) Monday announced signing a US 1 Billion dual tranche senior unsecured term loan with a group of 21 global banks.



This is the bank's largest syndicated loan, CBQ said and it will be used for refinancing and to fund business growt



The Facility originally targeted to raise US 600 Million, but following strong demand in syndication from banks around the world, the final size increased to US 1 Billio



The lender group consists of 21 major banks from the GCC, US, Europe, Asia and Australi



The Facility comprises two tranches, a US 600 Million two-year term loan and a US 400 Million three-year term loan, paying margins of 100bps and 120bps over LIBOR, respectivel



LIBOR is the interest rate that banks charge each othe



CBQ CEO Abdulla Saleh Al Raisi said, "This Facility is an outstanding success by several criteria: size, pricing, a geographically diverse lender group comprised of leading banks, and oversubscription of the facility by more than 110



"The strong market demand and terms of this Facility demonstrate the confidence global markets have in the financial strength of Commercial Bank, and the stability of the Qatari banking sector." National Bank of Abu Dhabi and HSBC Bank Middle East acted as the coordinating banks and Bookrunners for the Facilit



Other Arrangers and Bookrunners were Arab Banking Corporation (also the Agent bank), Barclays Bank PLC, Commerzbank AG, and Wells Fargo National Association

 






  MENA News Headlines
 Aug 29 2014 - Flydubai announces 3 new routes to East AfricaMENAFN
(MENAFN) Flydubai announced the addition of three new East African routes, bringing the total number of destinations in the airline's network to 80, Khaleej Times reported.The launch of the new ...

 Aug 29 2014 - UAE's Danube posts 16% sales growth in H1MENAFN
(MENAFN) Danube Group announced it achieved a continuous sales growth of 16 percent in January-June period, due to the launch of their real estate division, Danube Properties and the re-branding of ...

 Aug 29 2014 - US equity firm set to buy stakes at Dubai's GEMSMENAFN
(MENAFN) Blackstone Group LP, a New York-based private equity firm, is close to a deal to acquire a minority stake in Dubai's GEMS Education, marking its first investment in the Middle East, Arabian ...

 Aug 29 2014 - Burger King's new acquisition will not have effect on ME operationsMENAFN
(MENAFN) Burger King's acquisition of Tim Horton's will not have an effect on the fast food chain's operations in the Middle East, Gulf News reported.According to a statement by Burger King, the ...

 Aug 29 2014 - Harnessing Social Learning ExperienceNew Technology Launches TodayMENAFN Press
(MENAFN Press) The new social learning platform — altoconnect — from the learning technology provider Commelius Solutions has launched today.London UK (August 27 2014) — The new social ...

 Aug 29 2014 - INMEX and SMM India Global exhibition organizers join forces to launch Indian subcontinents largest maritime eventINMEX SMM IndiaMENAFN Press
(MENAFN Press) INmex & SMM join handsTaking advantage of the expected growth the Indian maritime industry is set to witness over the next six years Informa Exhibitions organizers of INMEX ...

 Aug 28 2014 - New Garcinia Cambogia Extract Whole Body Review By Top Doctors Like Dr OZ Website Launched For Weight Loss and Diet Management And Side Effects InfoMENAFN Press
(MENAFN Press) Palm Bay, U.S. – /PressCable/ - Satisfied Customer Review and TestimonialEver since it was recently introduced to the world on the Dr. Oz television program Garcinia Cambogia has ...

 Aug 28 2014 - The Diabetes Protocol ReviewCan Dr.Pullmans Treatment Really Reverse DiabetesMENAFN Press
(MENAFN Press) Read this honest review of Dr. Pullman's eBook and reveal how effective is this diabetes treatment. Additionally find out if this will be a risk investment or not? Here is the good ...

 Aug 28 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 28 2014 - Micronized Chlorella 038 BiorayHelping Kids Reach Their Full Potential!MENAFN Press
(MENAFN Press) Environmental hazards may operate to harm a developmentally dynamic child by mechanisms that do not operate in the adult.— World Health OrganizationPound for pound kids absorb more ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help