QNB Group Announces Successful Closing of USD 2 Billion Inaugural Asian Unsecured Syndicated Term Loan Facility

Doha, April 13 (QNA) - Qatar National Bank (QNB) Group announced the successful closing of a USD 2 billion unsecured syndicated term loan facility, focused on Asian investors.

QNB Group Chief Executive Officer, Abdulla Mubarak Al Khalifa, commented: "This facility has attracted strong interest from major Asian banks, enabling us to further diversify our investor base. The issuance was oversubscribed at competitive all-in pricing, which, despite challenging global market conditions, reaffirms our reputation as a high-quality issuer." He went on saying: "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." The USD 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. 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. (QNA)