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The US$300mn refinancing for Qatar Fuel Additives Company (Qafac) has been signed.

Mandated lead arrangers are Cr édit

  • Lyonnais (international bookrunner), Gulf International Bank (regional bookrunner), National Bank of Dubai, Qatar National Bank and Standard Chartered Bank.

    Co-arrangers, taking US$25mn for 50bp fees, are Mashreq Bank and National Bank of Bahrain.

    Senior lead managers taking US$15mn for 40bp are Bank of Kuwait & The Middle East, and Doha Bank.

    Commercial Bank of Qatar, ICBC and Kao Shung Bank joined as lead managers invited for US$7.5mn for 30bp.

    The margin is 75bp over Libor.