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24 June 2016
Doha: Ooredoo Q.S.C announced the successful closing of the previously announced pricing of its $500m senior unsecured Reg S/Rule 144A notes (the "Notes"). The Notes were issued by its wholly owned subsidiary, Ooredoo International Finance Limited under the $5,000,000,000 Global Medium Term Note Programme established on the Irish Stock Exchange.
Doha: Ooredoo Q.S.C announced the successful closing of the previously announced pricing of its $500m senior unsecured Reg S/Rule 144A notes (the "Notes"). The Notes were issued by its wholly owned subsidiary, Ooredoo International Finance Limited under the $5,000,000,000 Global Medium Term Note Programme established on the Irish Stock Exchange.
The Notes are unconditionally and irrevocably guaranteed by Ooredoo. The Notes will mature on June 22, 2026 and will have a coupon of 3.75 percent.
The transaction was priced at a margin of 2.27 percent over the 10-year US Treasury bond.
Net proceeds from the sale of the Notes will be used for Ooredoo's general corporate purposes, including refinancing of its existing indebtedness.
Ooredoo reported revenues of $8.8bn in 2015 and had a consolidated global customer base of 117.9 million customers as of March 31, 2016.
© The Peninsula 2016
