Thursday 30 August 2012

UPDATE 1-Qatar Telecom repays $3 bln loan facility - Yahoo! News Maktoob

Qatar Telecom (Qtel), the state-owned operator planning a full takeover of Kuwaiti unit Wataniya, has repaid a $3 billion loan facility using existing funds, it said in a bourse statement on Thursday.
The five-year syndicated term loan was signed in August 2007 through bookrunners Barclays, BNP Paribas,
DBS and RBS and was priced at 65 basis points over the London interbank offered rate (Libor), according to
Thomson Reuters data.
In January, the company said in a capital markets presentation that its issue of $2.75 billion in bonds in 2010
preemptively addressed the refinancing of the $3 billion 2012 loan.

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