QNB Group announces 'successful refinancing' of Euro 1bn senior unsecured syndicated term loan facility

QNB Group announced the successful refinancing of its Euro senior unsecured syndicated term loan facility.

QNB’s Group CEO, Abdulla Mubarak al-Khalifa, commented: "This refinancing saw strong interest from both global and regional banks, allowing QNB to further expand its investor base. The transaction was significantly oversubscribed at competitive pricing, despite the challenging global market conditions, which reinforces our reputation as a high-quality borrower.

“We view this transaction as a clear affirmation of our effective strategy to position ourselves as a leading bank in MEASEA, while building valuable and lasting relationships."

The Euro 1bn facility, with a maturity of three years, was well supported by both regional and international banks with some 23 institutions joining the syndication allowing a substantial oversubscription.

The syndication was led by Credit Agricole Corporate and Investment Bank, Societe Generale and Standard Chartered (the bookrunners and initial mandated lead arrangers). Standard Chartered acted as the documentation co-ordinator and Societe Generale as facility agent.

QNB Group stands as the leading financial institution in the Middle East and Africa, recognised as one of the most valuable banking brands in the region.

With a robust presence in some 28 countries across three continents, Asia, Europe, and Africa; QNB offers comprehensive financial services and solutions.

QNB’s team of over 31,000 professionals is dedicated to driving growth and providing advanced, tailored products and services that meet the evolving needs of customers worldwide.