Qatar – Mubasher: Commercial Bank of Qatar announced it signed a $1 billion three-year senior unsecured term loan facility, which was syndicated to its main relationship banks.
The proceeds from the facility paying a margin of 85 bps over LIBOR will be used to refinance existing indebtedness (including prepayment of the 2-year tranche of $600 million facility dated February 18, 2014) and for general corporate purposes, the bank added.
Citi and National Bank of Abu Dhabi PJSC acted as coordinators for the facility, with Australia and New Zealand Banking Group Limited, Bank of America Merrill Lynch, Commerzbank Aktiengesellschaft, Filiale Luxemburg, HSBC, Mizuho Bank, Ltd and Wells Fargo Bank, N.A., London Branch joining the syndicate as Mandated Lead Arrangers and Bookrunners, Union National Bank PJSC as Lead Arranger and Doha Bank, Lloyds Bank Plc – Financial Institutions, Morgan Stanley, Sumitomo Mitsui Banking Corporation and UniCredit Bank AG as Arrangers. The facility attracted a strong level of interest during syndication and was upsized from the original $800 million launch amount.
