Banks stick by Qatar on QNB funding despite Gulf spat

Qatar National Bank (QNB) has signed a $3.5bn loan with 21 international banks, with one of those also selling over $2.3bn of MTNs for the issuer, showing that banks’ jitters about supporting Qatari entities in the wake of the dispute between the sultanate and six other Arab states have partly been assuaged. Bianca Boorer and Virginia Furness report.

  • By Bianca Boorer , Virginia Furness
  • 08 Feb 2018

The loan has tested the loyalties of banks active in the Middle East, since six Arab countries including Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed diplomatic ties with Qatar in June 2017, alleging it had supported terrorism.

Saudi Arabia and the UAE have put pressure ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 167,717.28 489 11.11%
2 JPMorgan 160,125.74 464 10.60%
3 Wells Fargo Securities 83,531.55 314 5.53%
4 Citi 78,570.80 255 5.20%
5 Mitsubishi UFJ Financial Group 70,818.28 474 4.69%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,942.31 6 10.08%
2 JPMorgan 2,618.81 5 8.97%
3 Standard Chartered Bank 2,514.82 6 8.62%
4 HSBC 2,341.67 5 8.02%
5 Mizuho 2,238.89 4 7.67%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 6,104.35 21 6.39%
2 Credit Agricole CIB 6,017.39 25 6.30%
3 BNP Paribas 5,679.50 22 5.95%
4 UniCredit 5,441.24 29 5.70%
5 Barclays 5,256.27 14 5.51%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,941.92 30 9.52%
2 Citi 16,837.08 38 6.18%
3 SG Corporate & Investment Banking 15,661.30 47 5.75%
4 Deutsche Bank 14,193.64 44 5.21%
5 Bank of America Merrill Lynch 13,028.84 31 4.78%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%