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USD166,000,000 3Year Syndicated Ninja LoanFacility

18th Jul 2016 14:02

RNS Number : 4803E
Commercial Bank of Qatar (Q.S.C.)
18 July 2016
 

 

 

The Commercial Bank (Q.S.C.)

USD 166,000,000 Three Year Syndicated Ninja Loan Facility

 

 

Doha 17 July 2016 : The Commercial Bank Q.S.C. ("Commercial Bank" or "the Bank") has 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 China Seoul 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 a Lead Arranger, and Fuyo General Lease (HK) Limited is an Arranger.

 

The facility attracted strong level of interest during syndication and was upsized from the original USD 100 million launch amount despite challenging bank market conditions in the Middle East. The proceeds from the facility will be used for general corporate purposes.

 

--Ends--

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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