Qtel closes latest bond issue

Qatar Telecom (Qtel) Q.S.C. ("Qtel") today announced the successful closing of the previously announced pricing of its US$1 billion senior unsecured notes (Reg S/Rule 144A) (the “Notes”) to be issued by its wholly owned subsidiary, Qtel International Finance Limited under the Global Medium Term Note Programme established on the Irish Stock Exchange. The Notes will be unconditionally and irrevocably guaranteed by Qtel.

The most recent issuances were issued on 31 Jan 2013  as follows:

(i) US$ 500 million 15 - year Notes with a coupon of 3.875%,  due 31 January 2028.
(ii) US$ 500 million 30 - year Notes with a coupon of 4.500%, due 31 January 2043.

The transaction was priced at a margin of 2.15% over the 10 year U.S. Treasury rate for the 15 year Notes and at 1.625% over the 30 year U.S. Treasury rate for the 30 year Notes. 

Net proceeds from the sale of the Notes will be used for Qtel’s general corporate purposes, including refinancing existing indebtedness.

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