In Further Diversification of its Currency Mix and Sources of Funds, Doha Bank Successfully Signs a EUR 500 Million Loan

Doha Bank, one of Qatar’s leading banking institutions, signed successfully a EUR 500 million 3-year term loan. The Bank’s debut EUR denominated loan demonstrates its continuing attraction to a broad range of global institutional investors, including European financial institutions.

With this transaction, Doha Bank entered the international loan market with its first euro denominated syndicated facility on highly attractive terms. This transaction that achieved 1.3 coverage ratio contributing to bolster the diversification of the bank’s currency mix and broadening its liquidity sources, with European investors accounting for 56% of the transaction and Asian investors 44%. In addition, the loan succeeded in attracting new lenders. In fact, 56% of the loan was placed with new lenders to Doha Bank, which demonstrates the attractiveness of Doha Bank’s credit profile to international lenders. Banco Santander, BBVA, Emirates NBD and Mizuho served as coordinators, bookrunners and mandated lead arrangers.

Sheikh Abdulrahman bin Fahad bin Faisal Al Thani, the Group Chief Executive Officer said: “We are very pleased of the outcome of our debut Euro syndication which is part of our continuous effort to diversify funding base across products and jurisdictions. Our efforts to explore other opportunities on this front will continue”.

The successful transaction gives yet another testament to the increasing trust in Doha Bank’s outlook among investors driven by the implementation of the transformation strategy, the bank’s strong financial results in 2024 and the recent rating upgrade to A from A- by Fitch, the international credit rating agency. They are also attracted by the strong economic position of Qatar and Doha Bank’s role in it.

It’s worth noting that this loan follows on from the highly successful USD680 million 3-year facility signed with lenders in December 2024.