Sources of Al Qatar National Bank seeks to refinance a two billion euro loan

Bank sources reported to Al that Qatar National Bank is about to return to global debt markets for the first time since last November to raise around two billion euros as a refinance loan for a loan the bank obtained about 3 years ago.

The sources added that the bank preferred to take advantage of the appropriate conditions for financing on the market and work on refinancing the loan with better financing conditions.

While another banking source told “Al”that the agreement is working to organize it 5 Banks, and the loan price can range between 85-90 basis points above the European interest rate Ebor.

The last time the Qatar National Bank was in the global debt markets was a year ago, when the bank raised about $ 3.5 billion from a group of 34 banks.

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