Doha, Qatar: QNB Group, the largest financial institution in the Middle East and Africa, announced the successful closing of a $2bn 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."
"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 $2bn facility with a maturity of 5 years is the largest ever Asian pure play syndication by a bank from the GCC and 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.
Mizuho was the sole Coordinator, Mandated Lead Arranger & Bookrunner.
