Home Industry Qatar’s Ooredoo Seeks $1bn Refinancing Loan- Bankers The company sent out a request for proposals to around 15 banks last week with responses due this week, the bankers said. by Reuters February 25, 2014 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Qatari telecommunications firm Ooredoo has approached banks for a syndicated loan of up to $1 billion that will refinance existing debt, banking sources said. The company sent out a request for proposals to around 15 banks last week with responses due this week, the bankers said. The deal is expected to have a five-year maturity, one of the bankers added. Ooredoo was not immediately available for comment. Ooredoo’s last loan was a $1 billion, four-year facility that was signed with 14 international lenders in April 2013. That deal paid a margin of 85 basis points over LIBOR. In December, Ooredoo secured a $1.25 billion, five-year sukuk, the firm’s first Islamic bond. 0 Comments