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CBQ gains as it completes $1 billion senior unsecured-term loan facility

: Monday, February 24 - 2014 @ 18:39

The QE 20 Index in Doha advanced by 0.11 per cent to 11,885.78 points on Monday, February 24. The shares of Commercial Bank of Qatar (CBQ) added 0.67 per cent to QAR75.40. Earlier in the day, CBQ announced the successful completion of a $1 billion senior unsecured-term loan facility. The lender group consists of 21 major banks from the GCC region, the US, Europe, Asia and Australia. The Facility comprises of two tranches, a $600 million two-year term loan and a $400m three-year term loan, paying margins of 100 basis points and 120 basis points over LIBOR, respectively.

Gérard Al-Fil

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Monday, February 24- 2014 @ 18:39 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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