Qatar's Commercial Bank raises $875 mln loan

The Commercial Bank (P.S.Q.C.)

23/08/2021 06:36

DUBAI, Aug 23 (Reuters) - Qatar's Commercial Bank  COMB.QA 
has borrowed $875 million to refinance existing debt and support
general funding requirements, it said in a stock exchange filing
on Monday.
    The three-year syndicated loan was arranged by Bank of
America and Mizuho Bank.
    Commercial Bank originally aimed to raise $750 million but
retained a higher amount after the loan was oversubscribed,
receiving up to $1.44 billion, it said.
 

 (Reporting by Davide Barbuscia; Editing by Kim Coghill)
 ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters
Messaging: davide.barbuscia.reuters.com@reuters.net))