Doha-Mubasher: Ooredoo has signed on Wednesday a new $1 billion revolving credit facility agreement (RCF), Qatar News Agency (QNA) cited the company’s press release.
The loan was executed between Ooredoo as the ‘borrower’ and a consortium consisting of Qatar National Bank (QNB), Australia and New Zealand Banking Group, Bank of America Merrill Lynch International, The Bank of Tokyo-Mitsubishi , Citibank, London Branch, DBS Bank, HSBC Bank Middle East, and Mizuho Bank as ‘arrangers’.
QNB will act as the ‘facility agent’ for the loan which has duration of six years, the news agency said according to the statement, adding that the credit facility will be used for general corporate purposes including the refinancing of $1 billion RCF maturing in March 2017.
