Middle East Loans
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The $1.85bn loan, increased from $1.75bn, for Qatar National Bank (QNB) has closed oversubscribed. Barclays Capital and Royal Bank of Scotland were the bookrunners.
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IPIC is talking to banks about a $640m eight year syndicated loan. It approached around 15 lenders early in August for first round commitments, and is likely to put together a club of eight banks within the next two weeks.