Doha: QNB Group, the largest financial institution in the Middle East and Africa, has announced the successful refinancing of its USD 1.5 billion unsecured syndicated term loan facility.
According to Qatar News Agency, QNB’s Group CEO, Abdulla Mubarak Al Khalifa, highlighted that the refinancing attracted interest from both global and regional banks, significantly broadening QNB’s investor base. The issuance was substantially oversubscribed and offered at very competitive all-in pricing, underscoring QNB’s status as a high-quality issuer despite challenging global market conditions.
The refinanced USD 1.5 billion facility, which carries a five-year maturity, received strong support from both regional and international banks, leading to significant oversubscription.
HSBC, DBS, and SCB served as the Global Coordinators for the facility. Mizuho, Barclays, and JPM were designated as the Initial Mandated Lead Arrangers and Bookrunners. Furthermore, HSBC was appointed as the Documentation Coordinator, DBS took on the role of Syndication Coordinator, and Mizuho acted as the Facility Agent.