Posted on June 22, 2016

Ooredoo Q.S.C (Ticker: ORDS.QA: “Ooredoo”) today announced the successful closing of the previously announced pricing of its US$ 500 million senior unsecured Reg S/Rule 144A notes (the “Notes”). The Notes were issued by its wholly owned subsidiary, Ooredoo International Finance Limited under the USD 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 22 June 2026 and will have a coupon of 3.75 %. The transaction was priced at a margin of 2.27 % over the 10-year U.S. 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.

Categories: