Doha Bank has mandated Barclays Capital, Calyon, Commerzbank, Gulf International Bank (GIB), Mizuho Corporate Bank, and Standard Chartered as initial mandated lead arrangers to arrange a US$350mn syndicated term loan facility.
The facility is for general corporate purposes.
Syndication was launched on June 27.
Barclays, Calyon, Commerzbank and Standard Chartered will act as bookrunners.
The facility pays a margin of Libor plus 0.26% per year.
Doha Bank, the largest private commercial bank in Qatar, is rated A2/P1 by Moody’s Investor Services and A- by Capital Intelligence. Both ratings have a stable outlook.
It was incorporated in 1978, and has a wide shareholder base, including members of the ruling Al Thani family, prominent businessmen and other Qatari individuals. Over the last four years, its shareholders “equity has tripled, its annual net profit increased by six times and its assets grown to over QR21.5bn (US$5.9bn).