Qatar National Bank $3 billion financing

Overview:

• Qatar National Bank (QNB) has taken out a new $3 billion syndicated loan.
• The Bank of Tokyo-Mitsubishi UFJ, Barclays, Deutsche Bank, HSBC, Mizuho Bank, Standard Chartered and Sumitomo Mitsui Banking Corporation acted as arrangers.
• The deal represents the bank's largest syndicated financing to date.
• The bank will use the funds for general corporate purposes.

Sam Duke - Editor