Quotes: 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

 


Qatar News Agency




  MENA News Headlines
 Nov 28 2014 - Saudi- Lab-coated Muggles use Harry Potter to study brainArab News
(MENAFN - Arab News) WASHINGTON: Harry Potter swoops around on his broom faces the bully Malfoy and later runs into a three-headed dog. For scientists studying brain activity while reading it's the ...

 Nov 28 2014 - Saudi- Fleeting celeb friendships and moreArab News
(MENAFN - Arab News) 'Walking with a friend in the dark is better than walking alone in the light.'You must have encountered many such meaningful lines written on friendship through the ages. But ...

 Nov 28 2014 - Saudi- Women dislike about menArab News
(MENAFN - Arab News) The ten things women dislike most about their husbands...distilled from years of research. Look you don't have to agree you might have an eleventh very good reason but this is my ...

 Nov 28 2014 - Israel claims plotto hit stadium foiledArab News
(MENAFN - Arab News) JERUSALEM: Israel claims to have thwarted a planned attack by the Palestinian group Hamas on Jerusalem's biggest football stadium arresting 30 suspected militants commanded from ...

 Nov 28 2014 - Islamic State jams mobiles in MosulArab News
(MENAFN - Arab News) BAGHDAD: Residents in the militant-held Iraqi city of Mosul say militants with the Islamic State group have blocked all mobile phone networks in the town.Several residents said ...

 Nov 28 2014 - Winter brings fresh misery to Gaza war-hitArab News
(MENAFN - Arab News) GAZA CITY: As the wind whistles through gaping holes in her ruined house 62-year-old Suad Al-Zaza and her daughter huddle together for warmth on a bed made of a wooden door laid ...

 Nov 28 2014 - Saudi- Not a trouble but a giftArab News
(MENAFN - Arab News) Have you ever thought you have come to the end of your tether Or that you have suffered a lot That everyone is against you That people do not understand you and that the course ...

 Nov 28 2014 - 'A difficult but most fruitful Journey'Arab News
(MENAFN - Arab News) Muhammad Ishaaq formerly Girish KS Udupa an upper caste Hindu narrates his story about his conversion to Islam.I WAS born and brought up in an upper class Hindu Brahmin family of ...

 Nov 28 2014 - Saudi- Omaran inspiring leaderArab News
(MENAFN - Arab News) Omar also promised not to send the Muslim armies 'into destruction' meaning that he would not send the armies out unless the risks were evaluated and deemed acceptable. He ...

 Nov 28 2014 - Learning to love prayersArab News
(MENAFN - Arab News) Skipping prayers is unfortunately something common among many Muslims. Many nonetheless keep going back to prayers out of fear and rightfully so of Allah majestic in His praise. ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help