Ooredoo announces plans to issue bonds worth $5bn

 10 Jun 2016 - 0:03

DOHA: Ooredoo International Finance Limited (the Issuer), a wholly -owned subsidiary of Ooredoo, has announced to issue new bonds worth about QR18.2bn ($5bn).
The company in a statement yesterday said that it has mandated Australia and New Zealand Banking Group Ltd, Citigroup Global Markets Ltd, DBS Bank Ltd, HSBC Bank plc, Merrill Lynch International, Mitsubishi UFJ Securities International plc, Mizuho Securities USA Inc and QNB Capital LLC to act as joint lead managers and bookrunners for a proposed US dollar denominated Rule 144A/Reg S notes (the “Notes” or the “Bonds”) offering under its USD 5,000,000,000 Global Medium Term Notes Programme (the Programme).
The Notes will be unconditionally and irrevocably guaranteed by Ooredoo and an offering of the Notes is expected to be launched, subject to market conditions, following investor road shows commencing today in the United States, Asia, Middle East and Europe. Ooredoo is rated A2 by Moody’s, A- by S&P and A+ by Fitch. The size of the bond issuance under the program will be determined following the investor roadshows.
Application has been made to the Irish Stock Exchange for the Notes issued under the programme to be admitted to the official list and for trading on its regulated market.
Ooredoo is a leading international telecommunications company delivering mobile, fixed, broadband internet services and corporate managed services to consumers and businesses across markets in the Middle East, North Africa and Asia Pacific. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.
Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. It was named the “Most Innovative Company of the Year – MEA Region” at the 2015 International Business Awards. The Group reported revenues of $8.8bn (over QR32bn) in 2015 and had a consolidated global customer base of 117.9 million customers as of March 31, 2016. The Company’s shares are listed on the Qatar Stock Exchange, the Abu Dhabi Securities Exchange and the London Stock Exchange (via global depositary receipts).

The Peninsula

DOHA: Ooredoo International Finance Limited (the Issuer), a wholly -owned subsidiary of Ooredoo, has announced to issue new bonds worth about QR18.2bn ($5bn).
The company in a statement yesterday said that it has mandated Australia and New Zealand Banking Group Ltd, Citigroup Global Markets Ltd, DBS Bank Ltd, HSBC Bank plc, Merrill Lynch International, Mitsubishi UFJ Securities International plc, Mizuho Securities USA Inc and QNB Capital LLC to act as joint lead managers and bookrunners for a proposed US dollar denominated Rule 144A/Reg S notes (the “Notes” or the “Bonds”) offering under its USD 5,000,000,000 Global Medium Term Notes Programme (the Programme).
The Notes will be unconditionally and irrevocably guaranteed by Ooredoo and an offering of the Notes is expected to be launched, subject to market conditions, following investor road shows commencing today in the United States, Asia, Middle East and Europe. Ooredoo is rated A2 by Moody’s, A- by S&P and A+ by Fitch. The size of the bond issuance under the program will be determined following the investor roadshows.
Application has been made to the Irish Stock Exchange for the Notes issued under the programme to be admitted to the official list and for trading on its regulated market.
Ooredoo is a leading international telecommunications company delivering mobile, fixed, broadband internet services and corporate managed services to consumers and businesses across markets in the Middle East, North Africa and Asia Pacific. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.
Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. It was named the “Most Innovative Company of the Year – MEA Region” at the 2015 International Business Awards. The Group reported revenues of $8.8bn (over QR32bn) in 2015 and had a consolidated global customer base of 117.9 million customers as of March 31, 2016. The Company’s shares are listed on the Qatar Stock Exchange, the Abu Dhabi Securities Exchange and the London Stock Exchange (via global depositary receipts).

The Peninsula