Posted on December 25, 2018

Doha Bank Q.P.S.C. (“Doha Bank” or “the Bank”) successfully closed a USD 525 Million syndicated senior unsecured term loan facility with a group of leading international and regional lending institutions.

The facility, which will be used for general working capital purposes, carries a margin of 100 basis points per annum over USD LIBOR and has a bullet repayment at the end of the two-year tenor (with a further one-year extension option exercisable at the discretion of lenders). “The syndicated transaction was significantly oversubscribed and Doha Bank was able to upsize the facility from the originally target size of USD 400 million due to the excellent support from its relationship banks”, said Dr R Seetharaman, Chief Executive Officer of Doha Bank. “This is a reflection of the strong relationships Doha Bank enjoys with its lending group and a testament to the continued confidence these international banks place in both Doha Bank and the Qatari economy”, he added. 

Australia and New Zealand Banking Group Limited, Commerzbank Aktiengesellschaft, Filiale Luxemburg, ING Commercial Banking, Mizuho Bank, MUFG Ltd and Wells Fargo Bank N.A. London Branch acted as Bookrunners and Mandated Lead arrangers, while The Commercial Bank of Qatar (P.S.Q.C) joined as Lead Arranger. Wells Fargo Bank, N.A., London Branch also acted as Coordinator and Documentation Agent on the transaction, and is acting as the Facility Agent for the facility.

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