Mubasher: Ooredoo International Finance Limited (OIFL), a wholly-owned subsidiary of Ooredoo listed on the Qatar Stock Exchange (QSE) and Abu Dhabi Securities Exchange (ADX), will pay interest payments of about $21 million to its global medium term note (GMTN) holders on 31 January 2019.
OIFL will pay $11.25 million for holders of bonds worth $500 million, maturing on 31 January 2043, at an interest of 4.5% on 31 January and $9.69 million for holders of bonds worth $500 million, maturing on 31 January 2028, at an interest of 3.875% on 31 January, Ooredoo said in a filling to the QSE.
The Qatar-based company paid interest payments of $33 million on 24 December 2018.
During the first nine months of 2018, Ooredoo’s profits declined about 30% to QAR 1.09 billion, from QAR 1.55 billion in the same period of 2017.
By 10:18 am Qatari time, Ooredoo’s stock rose 0.17% to QAR 77.13, with a trading volume of 9,400 shares, generating a turnover of QAR 731,900.
