QNB
QNB

QNB group announces the successful refinancing of the syndication for USD 2billion unsecured term loan facility

Posted on : Wed, 11 Oct 2023

Doha, 11 October 2023 - QNB Group, the largest financial institution in the Middle East and Africa, announced the successful refinancing of the syndication for its USD2.0 billion three-year unsecured term loan facility that will be used for general corporate purposes.

This refinancing attracted the interest of global banks and helped further broaden our investor base. The refinancing was oversubscribed and demonstrates QNB Group’s standing as a high quality issuer.

QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group extends to more than 28 countries across 3 continents providing a comprehensive range of advance products and services. The total number of employees is 29,000 operating through 900 locations, with an ATM network of more than 4,900 machines.