Commercial Bank raises $1bn loan

February 26, 2014 3:53 am

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.