Doha - Mubasher: Commercial Bank of Qatar (CBQ) said it signed $166 million 3-year Ninja Loan facility.
Ninja Loans are loans for non-Japanese companies primarily consisting of investors in Japan. CBQ considered the first financial institution in the GCC that obtains Ninja Loan.
Seven financial institutions are participating in this transaction. Mizuho Bank, Ltd. acted as sole coordinator, sole book runner and mandated lead arranger, documentation agent, signing agent, publicity agent and facility agent.
Agricultural Bank of ChinaSeoul Branch, State Bank of India, and Bank of Taiwan Tokyo Branch is Mandated as lead arranger, The Gunma Bank, Ltd. and The Shizuoka Bank, Ltd. are lead arrangers, and Fuyo General Lease (HK) Limited is an arranger.
The facility attracted strong level of interest during syndication and was upsized from the original $ 100 million launch amount despite challenging bank market conditions in the Middle East. The proceeds from the facility will be used for general corporate purposes.
