Home GCC Qatar Qatar’s Ooredoo Signs $1bn Loan Deal To Repay Existing Debt Ooredoo will use the new facility to repay a $750 million loan due in May 2015. by Reuters May 22, 2014 Qatar’s Ooredoo has signed a $1 billion five-year revolving credit facility, the telecommunications operator said in a statement on Thursday. Ooredoo will use the new facility to repay a $750 million loan due in May 2015, with the rest to be allocated for general business purposes, a filing to Qatar’s stock exchange said. Seventeen banks helped to fund the loan, including Barclays , HSBC and Qatar National Bank. 0 Comments
