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Source:
عكس السير
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J.P. Morgan joins $7B Qatari project loan
JP Morgan Chase & Co. is participating, alongside Qatari and foreign banks, in arranging approximately $7 billion in financing for reconstruction projects in Syria. This represents one of the largest foreign commitments since the end of the conflict in 2014. The financing aims to support the rebuilding of energy infrastructure and airports. It benefits from a five-year secured loan included from Qatar National Bank, with an approximate cost of 370 basis points above the secured overnight rate. This comes at a time when Syria is gradually restoring its relations with international capital markets amid ongoing international efforts to attract foreign investment for reconstruction.
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