VOL. XLIII

No. 50

11-December-2000

QATAR

Sumitomo-Led Consortium Arranges $500Mn Syndicated Facility For Qatar

A consortium of international and regional banks signed a $500mn syndicated loan agreement with Qatar on 19 November following the award of a mandate to Sumitomo earlier in the year to lead-arrange the transaction. The facility carries a tenor of seven years, a five-year average life and a margin of 62.5bps over Libor. Of the total, $100mm was privately placed in Japan and the remainder...