Commercial Bank Signs $166 Million Ninja Loan Facility

Doha, July 18 (QNA) - Commercial Bank signed a debut USD 166 million 3-year Ninja Loan facility on 23 March 2016. Ninja Loans are loans for non-Japanese companies primarily consisting of investors in Japan. This transaction is the first Ninja Loan for a GCC FI. Seven financial institutions are participating in this transaction. Mizuho Bank, Ltd. acted as Sole Co-ordinator, Sole Bookrunner and Mandated Lead Arranger, Documentation Agent, Signing Agent, Publicity Agent and Facility Agent. Agricultural Bank of ChinaSeoul Branch, State Bank of India, and Bank of Taiwan Tokyo Branch is a Mandated Lead Arranger, The Gunma Bank, Ltd. and The Shizuoka Bank, Ltd. is aLead Arranger, and Fuyo General Lease (HK) Limited is an Arranger. The facility attracted strong level of interest duringsyndication and was upsized from the original USD 100 million launch amountdespite challenging bank market conditions in the Middle East. The proceeds from the facility will be used forgeneral corporate purposes. (QNA)