18-Feb-2010 1:00 PM

Qatar Aviation Leasing launches three-year USD650 syndicated loan

Qatar Aviation Leasing reportedly launched a syndicated three-year, fully underwritten and pre-funded loan of USD650 through Deutsche Bank and Standard Chartered Bank (Reuters, 17-Feb-2010). The loan also carries a sovereign guarantee and a margin of 250 basis points over London Interbank Offered Rate (LIBOR). Qatar Aviation Leasing was established to purchase and lease aircraft to Qatar Airways.