Qtel Establishes $5 Billion Bond Program on London Bourse

Qatar Telecom QSC said it established a $5 billion global medium-term note program on the London Stock Exchange to fund the company’s general corporate operations, including refinancing existing debt.

“The company is holding meetings with global fixed income investors to ascertain investor interest,” the telecom operator said in a statement to the Doha bourse today.

Fitch Ratings last week assigned an “A+” rating to the bond program, while Standard & Poor’s Ratings Services assigned it an “A-” rating.END