Doha: QNB Group announced the successful refinancing of its EURO senior unsecured syndicated term loan facility. QNB Group CEO, Abdulla Mubarak Al-Khalifa, commented: "This refinancing saw strong interest from both global and regional banks, allowing QNB to further expand its investor base. The transaction was significantly oversubscribed at competitive pricing,, despite the challenging global market conditions, which reinforces our reputation as a high-quality borrower. We view this transaction as a clear affirmation of our effective strategy to position ourselves as a leading bank in MEASEA, while building valuable and lasting relationships." The EURO 1 billion facility, with a maturity of three years, was well supported by both regional and international banks with 23 institutions joining the syndication allowing a substantial oversubscription. The syndication was led by Crédit Agricole Corporate and Investment Bank, Société Générale and Standard Chartered (the Bookrunners and Initial Mandated Lead Arr angers). Standard Chartered acted as the Documentation Coordinator and Société Générale as Facility Agent. Source: Qatar News Agency