Doha – Mubasher: Qatar’s telecom provider Ooredoo announced on Thursday that it has successfully set the price of its $500 million issuance of senior unsecured Reg S/Rule 144A notes.
The notes will be issued by the company’s subsidiary Ooredoo International Finance Limited under its $5 billion Global Medium Term Notes Programme (GMTN Programme), which is listed on the Irish Stock Exchange.
The bonds are to be unconditionally and irrevocably guaranteed by Ooredoo, , according to a bourse filing.
The notes will be matured on 22 June, 2026 with a coupon of 3.75% per year.
Net income from the sale of the bonds will be used for Ooredoo’s general corporate purposes, including refinancing of its existing indebtedness.
The stock fell in today’s early trading by 0.11% to QAR 87.6 as 1,800 shares were exchanged at QAR 157,800.
