Qatar Telecom (Qtel) Q.S.C. (“Qtel” or “The Company”) announced that following the high levels of demand from the international fixed income investor community for its recent bond issuance, and the attractive pricing levels achieved, the Company has decided to undertake a further issuance under its Global Medium Term Note (“GMTN”) Programme (the “Programme”). The Company successfully priced US$1.5 billion in senior unsecured notes on 6 October 2010, issued by its wholly owned subsidiary Qtel International Finance Limited and guaranteed by Qtel.
The most recent issue of US$1.25 billion, the third issuance under the Company’s existing Programme, was priced and allocated as follows:
(i)  US$ 500 million;  3.375%   6 – year Notes due 14 October 2016; and
(ii) US$ 750 million;  5.00%    15 – year Notes due 19 October 2025.
The net proceeds of the sale of the notes offered hereby will be used for general corporate purposes, including refinancing existing indebtedness.
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.
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.