Qatar National Bank (QNB) this week shrugged off some bankers’ concerns that it priced its loan too tightly, signing an oversubscribed $1.8bn three year unsecured term loan.
It pays a margin of 100bp over Libor. When the loan was launched in June, some bankers said the price was too low for them to consider lending.
"Many of the leads thought that the pricing would be an issue," said a senior loans banker. "But the fact that