VOL. XLVI
No 37
15-September-2003
QATAR
REGIONAL BANKING
Qatar Airways And Standard Chartered Sign $746Mn Interest Rate Swap Deal
Qatar Airways announced on 7 September that it had signed an agreement with Standard Chartered Bank in Doha for a $736mn interest rate swap transaction, which provides an interest rate hedging facility to the airline to fix its long-term borrowing costs for a total of 12 aircraft. The tenor of the facility extends up to 12 years and is aimed at providing Qatar Airways...
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