Mubasher: The Commercial Bank of Qatar (CBQ) on Sunday announced signing a $250 million loan, which was syndicated in the Asian market.

The syndicated loan has a one-year extension option, according to the bank’s filing to the Qatar Stock Exchange (QSE).

Mizuho Bank, Bank of China Limited (QFC Branch), ICICI Bank Limited (QFC Branch) Shinhan Bank Co., The Export-Import Bank of the Republic of China, KDB Asia Limited and The Gunma Bank, participated in this transaction, the Qatar-based lender said.

Mizuho Bank acted as sole bookrunner, mandated lead arranger and facility agent, the statement showed.

The new deal helped CBQ to diversify its funding sources and attract more lenders to overcome the market’s challenging conditions in the region.