Qtel repays USD3bn loan with existing funds

30 Aug 2012

Qatar Telecom (Qtel) has repaid a USD3 billion loan facility using existing funds, it said in a bourse statement on Thursday, reports Reuters. The five-year syndicated term loan was signed in August 2007 through Barclays, BNP Paribas, DBS and RBS. In January the Qatari telecoms group said that its issue of USD2.75 billion in bonds in 2010 preemptively addressed the refinancing of the USD3 billion loan.

Qatar, Ooredoo Group, Ooredoo Qatar