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The National Bank of Abu Dhabi PJSC (NBAD), (the “Mandated Lead Arranger, Sole Coordinator and the Agent”) successfully closed a US$ 455,000,000 Club Loan Facility for Commercial Bank of Qatar (the “Facility”).
Despite challenging market conditions, the Facility was undertaken by a selected group of banks raising US$ 455,000,000. The group of lenders is geographically diversified among top banks names including National Bank of Abu Dhabi PJSC, SAMBA Financial Group and COMMERZBANK Aktiengesellschaft, as the Mandated Lead Arrangers, Australia and New Zealand Banking Group Limited, Singapore Branch, Deutsche Bank AG, Union National Bank PJSC and Wells Fargo Bank, National Association as the Lead Arrangers.
Founded in 1975, Commercial Bank of Qatar Q.S.C. (“CBQ”) is regulated by the Qatar Central Bank and is listed on the Qatar and London Stock Exchanges.
CBQ enjoys strong credit ratings of A/A1/A- from Fitch/Moody’s/Standard & Poor’s, respectively. The Bank was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange.
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Abu Dhabi International Airport - 41°F
