Commercial Bank closes a $750 million Asian Syndicated Term Loan Facility ...Qatar

News by : (Gulf Times) -
Commercial Bank has successfully closed a dual tranche 3- & 5-years USD 750 Million Asian Syndicated Term Loan Facility led by Mizuho Bank as Coordinator and Arranger.  The syndication was launched at an initial value of USD 400 Million. The transaction received strong interest from the market and closed significantly oversubscribed at a value of USD 940 Million, demonstrating investor confidence in Commercial Bank’s financial performance and management, as well the strength of the Qatari economy. Ultimately, the Bank decided to close the facility at a higher facility amount of USD 750 Million, reflecting its strong liquidity position. The proceeds from the facility was used to replace an e

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