Commercial Bank US$ 455,000,000 Club Term Loan Facility

Doha, February 09 (QNA) - Commercial Bank of Qatar announced that it has closed a US$ 455,000,000 term loan Facility with a club of international banks. The proceeds of the Facility will be used for general funding purposes, the bank said in a statement published on (Qatar Exchange) website. The Facility was undertaken by a selected group of geographically diverse banks. The Mandated Lead Arrangers were National Bank of Abu Dhabi PJSC, who was also the sole-coordinating bank, SAMBA Financial Group and Commerzbank Aktiengellschaft. Australia and New Zealand Banking Group Limited, Deutsche Bank AG, Union National Bank PJSC and Wells Fargo, National Association were the Lead Arrangers. Commercial bank was established in 1975 and was Qatar's first private bank. As a full service commercial bank, the Bank offers a full range of corporate, retail, and investment banking services as well as owning and operating exclusive. (QNA)