Qatar Exchange | Qatar National Bank | QNB: ANNOUNCES THE SUCCESSFUL CLOSING OF THE SYNDICATION FOR ITS GLOBAL DUAL TRANCHE USD3.5 BILLION SENIOR UNSECURED TERM LOAN FACILITY  

 

 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.   

Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 9,422.59 0.05 1,409,397,378
Dubai 4,390.20 0.11 323,683,187
Saudi 11,920.94 0.3 5,656,367,367
Kuwait 7,747.23 0.05 21,753,261
Qatar 10,406.70 0.01 322,892,091
Muscat 4,719.74 0.13 1,681,292
Bahrain 2,030.29 0.61 3,568,867
Egypt 30,342.46 0.61 1,677,360,878
Amman 2,390.24 0.48 4,327,553
Palestine 490.87 0.29 262,092

Commodities

Name Last update Closing Price Change %
Brent Sep-18 73.65 0.07
Natural Gas Sep-18 2.28 1.72
Gold Sep-18 2,598.60 0.57
Silver Sep-18 30.69 0.69
Platinum Sep-18 991.60 0.84
Nymex Light Sep-18 70.91 0.39

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 41,628.90 41,503.10 0.25
Nasdaq 17,663.40 17,573.30 0.31
S&P 500 5,641.68 5,618.26 0.29
Name Opening price Closing Price Change%
Frankfurt 18,729.64 18,711.49 0.08
Paris 7,489.85 7,444.90 0.57
London 8,309.86 8,253.68 0.68
Stockholm 990.15 985.37 0.67
Switzerland 12,042.54 11,982.30 0.5
Name Opening price Closing Price Change%
Shanghai 2,705.35 2,717.28 0.49
Hong Kong 17,386.75 17,660.02 1.37
Jakarta 7,844.23 7,829.13 0.03
Tokyo 36,546.04 36,380.17 0.49

Currency

Name Rate Last update
EURO/USD 1.112 Sep-19
GBP/USD 1.321 Sep-19
USD/JPY 142.071 Sep-19
USD/CHF 0.846 Sep-19