Commercial bank of Qatar attracts a loan of $ 875 million

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DUBAI, 23 August. (Reuters) – Commercial Bank of Qatar (COMB.QA) borrowed $ 875 million to refinance existing debt and support overall funding requirements, the stock exchange said in a statement on Monday.

The three-year syndicated loan was arranged by Bank of America and Mizuho Bank.

The commercial bank originally intended to raise $ 750 million, but retained a large amount after exceeding the subscription limit, raising up to $ 1.44 billion, it said.

Reporting by Davide Barbush; Edited by Kim Coghill

Our standards: Thomson Reuters Trust Principles.

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