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Qatar National Bank replacing €2.25B syndicated loan


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Qatar National Bank replacing €2.25B syndicated loan

Qatar National Bank (QPSC) is replacing a €2.25 billion syndicated loan with a three-year €2 billion loan, Reuters reported Jan. 9, citing the LPC news service.

The loan has an interest margin of 90 basis points over the Euro interbank offered rate.

The mandated lead arrangers and bookrunners are Banca IMI, Credit Agricole, Societe Generale and UniCredit, according to the report. Industrial and Commercial Bank of China and ING also have senior roles in the deal.