Monday, 23 April 2012

Qtel comes calling for $2 billion loan: bankers | Reuters

Qatar Telecom QTEL.QA has sent requests for proposals to international lenders for a $2 billion refinancing loan that will mark its return to the market after a two-year gap, bankers close to the deal said.

"It is one of the few corporates in Qatar that is able to access the market. It is right that Qtel gets centre stage," one European banker said.

Its record as an annual borrower since 2007 -- with the exception of 2011 -- of more than $2 billion should help generate momentum for the deal.

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