Doha Bank Q.P.S.C. Closes US$762,500,000 Term Loan Facility
Doha Bank Q.P.S.C. (“Doha Bank” or the “Bank”) wishes to announce that it has successfully completed the signing of a 3-year syndicated term loan facility (the “Facility”) on 20 December 2021. The Facility includes an option to extend the maturity by 1 year at the end of the initial 3-year term. The Facility was drawn in full on 23 December 2021.
Launched in November, the Facility was originally targeting deal size of US$350,000,000. The Facility generated strong interest from existing and new relationship banks across EMEA and Asia regions, and the syndication was closed oversubscribed. A total of 16 financial institutions joined the Facility, and the Facility was subsequently upsized to US$762,500,000. The strong response to the deal is a testament to Doha Bank’s good access to the capital markets, and deep relationships with a diverse range of lenders.
The Facility, where the loan proceeds shall be used to fund general corporate and working capital purposes of the bank, pays a margin of 85 basis points per annum over US Dollar LIBOR.
Mizuho Bank, Ltd. and Intesa Sanpaolo S.p.A. coordinated the transaction. Mizuho Bank is also the Facility Agent.
Doha Bank Q.P.S.C. – US$762,500,000 Term Loan Facility – Lender Roles
|Original Mandated Lead Arranger and Bookrunner, and Global Coordinator|
|Mizuho Bank, Ltd.|
|Original Mandated Lead Arranger and Bookrunner|
|Intesa Sanpaolo S.p.A., London Branch|
|Intesa Sanpaolo S.p.A., QFC Branch|
|Mandated Lead Arrangers & Bookrunners|
|Australia and New Zealand Banking Group Limited, Singapore Branch|
|Emirates NBD Bank (P.J.S.C.)|
|Mandated Lead Arrangers|
|State Bank of India WBB Bahrain|
|Bank Muscat SAOG|
|Canara Bank London Branch|
|Shinsei Bank, Limited|
|Mega International Commercial Bank Co., Ltd., Offshore Banking Branch|
|The Export-Import Bank of the Republic of China|
|Chang Hwa Commercial Bank Ltd. Offshore Banking Branch|
|Hua Nan Commercial Bank, Ltd., Offshore Banking Branch|
|Taiwan Business Bank, Ltd., Offshore Banking Branch|
|First Commercial Bank, Offshore Banking Branch|
|Land Bank of Taiwan Co., Ltd. (incorporated in Taiwan), Hong Kong Branch|
|Taishin International Bank|