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Qatari banks told to ease loan terms for MPHC’s IPO subscribers

February 2, 2014 12:39 am

Qatari banks have received directives to ease repayment terms for citizens who took loans to apply for subscription to a now-completed state-sponsored equity offer, the Peninsula has reported, citing industry sources. A large number of nationals used bank loans to apply for the initial public offering (IPO) of Mesaieed Petrochemical Holding Co (MPHC). Some banks have extended repayment tenures up to six months after initially fixing shorter tenures, the sources said.