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Commercial Bank raises $1bn loan

: Wednesday, February 26 - 2014 @ 03:53

Qatar’s Commercial Bank has said it has completed a $1bn senior, unsecured term loan facility, which is the bank’s largest syndicated loan, Gulf Times has reported. The facility originally targeted to raise $600m, but following “strong demand” in syndication from banks around the world, the final size was increased to $1bn. The proceeds will be used for refinancing and to fund business growth, the lender said.

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Wednesday, February 26- 2014 @ 3:53 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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