Investors oversubscribe Qtel's second bond issue 

(MENAFN Press) Qatar Telecom Q.S.C. (Qtel) announced today the successful pricing of US1.5 billion senior unsecured notes issued by its wholly owned subsidiary, Qtel International Finance Limited, guaranteed by Qtel. The notes represent the second issuance under its Global Medium Term Note (GMTN) Programme (the Programme) originally established in May 2009.

The issue was arranged and offered through a syndicate of Joint Lead Managers comprising of Barclays Capital, Deutsche Bank, Mitsubishi UFJ Securities International plc, Qatar National Bank S.A.Q., Standard Chartered Bank and The Royal Bank of Scotland.

The US1.5 billion note attracted substantial interest with global orders in excess of US15 billion. The final issue of US 1.5 billion was allocated as follows:
- US 500 million; 3.375% 6 “ year Notes due 14/10/2016; and
- US 1 billion; 4.75% 10 “ year Notes due 16/02/2021.

The net proceeds of the sale of the Notes offered hereby will be used for general corporate purposes, including refinancing existing indebtedness.

Qtel commented: We are delighted by the overwhelming response from global fixed income investors to our second note issuance under our GMTN programme. The Offer was considerably oversubscribed with over US15 billion placed in orders. The combination of market demand, long term financing and attractive pricing levels are a strong indication of the continuing confidence of the fixed income community in Qtels strategy, financial strength and management.

This announcement is for information purposes only and does not constitute an offer of, or an invitation to subscribe for or purchase any securities.

The securities to which this announcement relates have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.

There will be no public offering of the securities in the United States or in any other jurisdiction where any public offering would not be permitted.