Qatar Telecom eyes more bond issues

13 October 2010

The Qatar Exchange (QE) Index ended 0.92% higher at 7,827.55. Shares of Qatar Telecom gained 0.87%, finishing at QR173.50. Qtel International Finance Limited, a wholly owned subsidiary of Qtel), announced that following the high levels of demand from the international fixed income investor community for its recent bond issuance, and the attractive pricing levels achieved, the Company has decided to undertake a further issuance under its Global Medium Term Note Programme. Qtel’s recent $1.5 billion bond sale was more than ten times oversubscribed, as bids exceeded $15 billion a week ago.

The Qatar Exchange (QE) Index ended 0.92% higher at 7,827.55. Shares of Qatar Telecom gained 0.87%, finishing at QR173.50. Qtel International Finance Limited, a wholly owned subsidiary of Qtel), announced that following the high levels of demand from the international fixed income investor community for its recent bond issuance, and the attractive pricing levels achieved, the Company has decided to undertake a further issuance under its Global Medium Term Note Programme. Qtel’s recent $1.5 billion bond sale was more than ten times oversubscribed, as bids exceeded $15 billion a week ago.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications