Qatar National Bank (QNB) Group, a Qatari public company, announced on Sunday the successful closing of a $2 billion unsecured syndicated term loan facility, focused on Asian investors.
QNB Group Chief Executive Officer Abdulla Mubarak Al Khalifa said, “This facility has attracted strong interest from major Asian banks, enabling us to further diversify our investor base.”
He noted that the issuance was oversubscribed at competitive all-in pricing, which, despite challenging global market conditions, reaffirms the bank’s reputation as a high-quality issuer.
“We view this transaction as a testament to our successful strategy of strengthening our presence as a leading bank in MEASEA while fostering meaningful, long-term relationships,” Al Khalifa said.
QNA Group said the $2 billion facility with a maturity of 5 years is the largest ever Asian pure play syndication by a bank from the GCC has achieved tightest pricing.
It added that this successful transaction involved a largely new investor base and underlines QNB’s strong credentials and is a part of QNB’ strategy to further broaden its relationships worldwide.
