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Home / Business / Qatar’s Ooredoo Seeks $1bn Refinancing Loan- Bankers

Qatar’s Ooredoo Seeks $1bn Refinancing Loan- Bankers

The association sent out a ask for proposals to around 15 banks final week with responses due this week, a bankers said.


Qatari telecommunications organisation Ooredoo has approached banks for a syndicated loan of adult to $1 billion that will refinance existent debt, banking sources said.

The association sent out a ask for proposals to around 15 banks final week with responses due this week, a bankers said. The understanding is approaching to have a five-year maturity, one of a bankers added.

Ooredoo was not immediately accessible for comment.

Ooredoo’s final loan was a $1 billion, four-year trickery that was sealed with 14 general lenders in Apr 2013. That understanding paid a domain of 85 basement points over LIBOR.

In December, Ooredoo cumulative a $1.25 billion, five-year sukuk, a firm’s initial Islamic bond.


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