💰 Sovereign Wealth Fund
QNB Group Closes 3-Year Senior Unsecured Term Loan Facility.
QNB Group announced the closing of the syndication for its US$ 3.5 billion three year senior unsecured term loan facility.
The syndication was well supported by 21 banks. The syndication was fully underwritten by 9 Underwriters, including Bank of America Merrill Lynch International Limited (BAML),
The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Bank PLC, Deutsche Bank AG, London Branch, Intesa Sanpaolo S.P.A., QFC Branch, Mizuho Bank Ltd. (Mizuho), Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank Limited.
BAML was mandated as the documentation co-ordinator while Mizuho was mandated as the syndication co-ordinator and facility agent.
QNB Group controls Qatar National Bank. QNB is 50% owned by the Qatar Investment Authority (QIA).
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/qnb-group-closes-3-year-senior-unsecured-term-loan-facility/