Doha Bank Eyeing 3-Year Loan

Doha Bank, one of the largest commercial banks in Qatar in terms of assets, is looking for a 3-year loan of US$350 million, following a financing it obtained earlier this year.

The loan also includes a one-year extension option and an interest rate of about 85 basis points above LIBOR, a global benchmark interest rate, Alarabiya reported.

Banks that finance more than US$100 million will receive an interest rate of 108 basis points on the total tranche. Those offering to lend less than US$100 million will receive a total interest rate of 106 basis points.