QNB GROUP ANNOUNCES THE SUCCESSFUL REFINANCING OF ITS EURO SENIOR UNSECURED SYNDICATED TERM LOAN FACILITY

October 20, 2024 12:30 PM AEDT | By Cision

QNB GROUP ANNOUNCES THE SUCCESSFUL REFINANCING OF ITS EURO SENIOR UNSECURED SYNDICATED TERM LOAN FACILITY — Image source: Kalkine Media

Recent News

Regal Rexnord Showcases Innovative Fan and Motor Solutions at Data Cen...

A New Chapter of Jiangxi Intangible Cultural Heritage

Eating and Praising Along the Way! Korean Uncle Wants to Open a "Nanch...

QNB GROUP ANNOUNCES THE SUCCESSFUL REFINANCING OF ITS EURO SENIOR UNSE...

EURO 1 BILLION FACILITY

DOHA, Qatar, Oct. 20, 2024 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa, announced the successful refinancing of its EURO senior unsecured syndicated term loan facility.

QNB GROUP HEAD OFFICE

QNB's Group CEO, Abdulla Mubarak Al-Khalifa, commented:

"This refinancing saw strong interest from both global and regional banks, allowing QNB to further expand its investor base. The transaction was significantly oversubscribed at competitive pricing,, despite the challenging global market conditions, which reinforces our reputation as a high-quality borrower. We view this transaction as a clear affirmation of our effective strategy to position ourselves as a leading bank in MEASEA, while building valuable and lasting relationships."

The EURO 1 billion facility, with a maturity of three years, was well supported by both regional and international banks with 23 institutions joining the syndication allowing a substantial oversubscription.

The syndication was led by Crédit Agricole Corporate and Investment Bank, Société Générale and Standard Chartered (the Bookrunners & Initial Mandated Lead Arrangers). Standard Chartered acted as the Documentation Co-ordinator and Société Générale as Facility Agent.

QNB Group stands as the leading financial institution in the Middle East and Africa, recognized as one of the most valuable banking brands in the region. With a robust presence in over 28 countries across three continents, Asia, Europe, and Africa—QNB offers comprehensive financial services and solutions. QNB's team of over 31,000 professionals is dedicated to driving growth and providing advanced, tailored products and services that meet the evolving needs of customers worldwide.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.