Qatar Telecom (Qtel) Q.S.C. (“Qtel” or “the Qtel Group” or “the Group”) (EPIC: QTEL.QA) announced today the successful closing of its previously announced pricing of US$1.5 billion senior unsecured notes. The final issue of US$1.5 billion consisted of two tranches and was allocated as follows:
 
(i)US$ 900 million 6.5% 5-year Notes due 10 June 2014; and
 
(ii)US$ 600 million 7.875% 10-year Notes due 10 June 2019.
 

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