Doha – Mubasher: Qatar National Bank (QNB) is in talks with a group of major banks to refinance an EUR 2.25 billion ($2.63 billion) syndicated loan, informed sources told Reuters on Tuesday.
The new loan would replace another EUR 2.25 billion loan secured in May 2016, and which matures in May 2019.
“The transaction is likely to involve the same group of banks that took part in the original deal in 2016 including Credit Agricole, Industrial and Commercial Bank of China, ING Bank, Societe Generale and UniCredit,” the sources said.
QNB, which is 50%-owned by the Qatar Investment Authority (QIA), has raised more than $7 billion in loans over the past three years.
