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 9,500.22 0.82 2,087,209,388
Dubai 4,421.52 0.71 358,862,666
Saudi 12,080.47 1.34 9,471,232,885
Kuwait 7,790.34 0.56 91,396,353
Qatar 10,464.15 0.55 683,625,628
Muscat 4,725.12 0.11 2,990,025
Bahrain 2,027.62 0.13 673,313
Egypt 30,937.69 1.96 3,693,427,788
Amman 2,390.12 0.01 4,800,308
Palestine 490.42 0.09 1,294,694

Commodities

Name Last update Closing Price Change %
Brent Sep-19 74.88 1.67
Natural Gas Sep-19 2.35 2.8
Gold Sep-19 2,614.60 0.12
Silver Sep-19 31.42 0.94
Platinum Sep-19 994.40 0.5
Nymex Light Sep-19 71.95 1.47

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 41,972.56 42,025.19 1.26
Nasdaq 17,980.89 18,013.98 2.51
S&P 500 5,702.63 5,713.64 1.7
Name Opening price Closing Price Change%
Frankfurt 18,877.57 19,002.38 1.55
Paris 7,557.04 7,615.41 2.29
London 8,253.70 8,328.70 0.91
Stockholm 996.23 1,003.38 1.83
Switzerland 12,075.51 12,058.30 0.63
Name Opening price Closing Price Change%
Shanghai 2,734.23 2,729.69 0.23
Hong Kong 18,069.33 18,247.76 1.3
Jakarta 0.00 7,791.74 1.44
Tokyo 37,714.07 37,878.27 1.95

Currency

Name Rate Last update
EURO/USD 1.117 Sep-20
GBP/USD 1.330 Sep-20
USD/JPY 142.203 Sep-20
USD/CHF 0.846 Sep-20