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.

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.