QNB Group, the largest financial institution in the Middle East and Africa, has announced the successful closing of a $2 billion unsecured syndicated term loan facility. The facility targets Asian investors.
QNB Group CEO Abdulla Mubarak Al Khalifa highlighted that the facility garnered strong interest from major Asian banks. This allowed the bank to further diversify its investor base. The issuance was oversubscribed at competitive pricing, reflecting confidence in QNB’s position as a high-quality issuer despite challenging global market conditions.
He emphasized that the transaction reflects QNB’s strategic focus on strengthening its presence across the Middle East, Africa, and Southeast Asia. Additionally, it fosters long-term relationships.
With a maturity of five years, this facility marks the largest Asian-focused syndicated loan ever secured by a GCC bank. It also achieved some of the tightest pricing to date. The success of the transaction, supported by a largely new investor base, reinforces QNB’s global standing. It highlights their commitment to expanding international financial partnerships.
Mizuho acted as the sole Coordinator, Mandated Lead Arranger, and Bookrunner for the transaction.
