Qatar National Hotels Company Enters Syndicated Loan Market
Qatar National Bank (QNB) will lead-arrange a ground-breaking 10-year, $100mn loanfacility for Qatar National Hotels, a state-owned company. Four Qatari banks - QNB,Commercial Bank of Qatar, Doha Bank and Al Ahli Bank of Qatar - have clubbed together tosell down $100mn. Qatar National Hotels is seeking partial finance for the construction ofa five star Ritz-Carlton hotel in the capital, Doha. The...