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المشهد العربي
Qatar Energy Gets $3B Chinese Loan
Qatar Energy has successfully secured a $3 billion credit facility from a consortium of Chinese banks, providing five years of funding. The facility was arranged with Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, and the Chinese Development Bank - Asia branch. The interest rate was set at 50 basis points above the overnight guaranteed funding rate, with proceeds used to cover operational needs and working capital. This financing reflects the continued availability of funding from Chinese banks amid regional tensions, following a significant increase in their lending to the area over the past year to $11.5 billion—five times higher than before.
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