Walkers Advises The Commercial Bank (P.S.Q.C) of Qatar

Walkers advised Commercial Bank, a leading Qatari financial institution, on Bermuda law aspects in connection with the update to its US$5 billion Euro Medium Term Note Programme, under which the bank may directly, or indirectly through its wholly owned subsidiary, CBQ Finance Limited, a company incorporated in Bermuda, issue senior or subordinated guaranteed notes in multiple currencies.

The Dealers under the Programme are Al Khaliji, ANZ, Barclays, BNP Paribas, BofA Securities, Citigroup, Commerzbank, Credit Suisse, Deutsche Bank, HSBC, J.P. Morgan, Mizuho Securities, Morgan Stanley, Standard Chartered Bank, QNB Capital and The Commercial Bank.

The Walkers team was led by Hong Kong partner Nicholas Davies and Bermuda partner Adam Bathgate with assistance from Hong Kong associate Sonya Saxena.

Clifford Chance advised The Commercial Bank on the English law aspects and Simmons & Simmons Middle East acted for the Dealers.