Qatar National Bank mandates banks to arrange $3b loan

DUBAI: Qatar National Bank (QNB), the Gulf’s largest bank by market value, has mandated lenders to arrange a $3 billion (Dh11 billion) three-year loan facility for general business purposes, it said on Monday.

Barclays Bank and HSBC will act as coordinators for the loan, with Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, Mizuho Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp acting as lead arrangers and bookrunners, QNB said in a statement.