Qtel signs $2bn refinancing loan

19 May 2010

Qtel has signed 17 more banks into its $2bn syndicated loan, scaling back commitments provided by senior lenders already on the deal, Reuters has reported. More than $1.1bn was raised in general, and more than $3.8bn overall. The loan will result in Qtel reducing its borrowing costs, refinancing a $2bn forward start loan agreed last September.

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