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Mon 9 Feb 2015 04:20 PM

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Qatar's QNB mandates lenders for $3bn loan

Gulf's llargest lender Qatar National Bank says three-year loan facility will be used for general business purposes

Qatar's QNB mandates lenders for $3bn loan

Qatar National Bank (QNB), the Gulf's largest bank by market value, has mandated lenders to arrange a $3 billion three-year loan facility for general business purposes, it said on Monday.

Barclays Bank and HSBC will act as coordinators for the loan, with Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank,Mizuho Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp acting as lead arrangers and bookrunners, QNB said in a statement.

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