QNB Group, the largest financial institution in the Middle East and Africa, announced the successful closing of the syndication for its global dual tranche USD3.5 billion unsecured term loan facility. The syndication was well supported by 34 International Banks with substantial oversubscription. The facility included USD2.0 billion three year and USD1.5 billion five year tranches, and will be used for general corporate purposes. The closing of this syndication is exceptional in several aspects, it is the largest 5-year dual tranche syndication ever issued in the Middle East region for a bank. This tranche also attracted the interest of global banks and helped further broaden our investor base. The issuance was substantially oversubscribed and demonstrates our standing as a high quality issuer and confirmation of our successful strategy of becoming a leading bank in MEASEA. QNB Group also announced that it had already repaid in full the earlier loan of USD3.5 billion syndicated loan prior to issuing the above mentioned dual tranche term loan facility.