VOL. XLIII

No. 22

29-May-2000

QATAR

Qatars CBQ Secures $120Mn Loan

The Commercial Bank of Qatar (CBQ) announced on 23 May that it had secured a $120mn syndicated facility to "help finance Qatari industrial and economic projects." The loan is priced at 70bps over Libor and carries a tenor of five years. It was arranged by a consortium of international banks comprising Barclays Capital, Citibank, Gulf International Bank and Commerzbank, with a total of 24 banks participating in the transaction,...