USD 1bn Syndicated Senior Unsecured Term Loan

The Commercial Bank (Q.S.C.), Qatar

USD 1,000,000,000 Syndicated Senior Unsecured Term Loan Facility

Doha, 8th December 2015 : The Commercial Bank Q.S.C. ("Commercial Bank" or "the Bank") of Qatar has signed a new USD 1 billion 3-year senior unsecured term loan facility, which was syndicated to its main relationship banks. The proceeds from the facility paying a margin of 85 bps over LIBOR will be used to refinance existing indebtedness (including prepayment of the 2-year tranche of USD 600 million under the syndicated term loan facility dated 18 February 2014) and for general corporate purposes.

Citi and National Bank of Abu Dhabi PJSC acted as Coordinators for the facility, with Australia and New Zealand Banking Group Limited, Bank of America Merrill Lynch, Commerzbank Aktiengesellschaft, Filiale Luxemburg, HSBC, Mizuho Bank, Ltd. and Wells Fargo Bank, N.A., London Branch joining the syndicate as Mandated Lead Arrangers and Bookrunners, Union National Bank PJSC as Lead Arranger and Doha Bank, Lloyds Bank Plc - Financial Institutions, Morgan Stanley, Sumitomo Mitsui Banking Corporation and UniCredit Bank AG as Arrangers.

The facility attracted a strong level of interest during syndication and was upsized from the original USD 800 million launch amount despite challenging bank market conditions in the Middle East, which clearly underlines the strong support that CBQ enjoys with its relationship bank group.

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