Qatar Telecom (Qtel) Q.S.C. ("Qtel") today announced the successful closing of the previously announced pricing of its US$1 billion senior unsecured notes (Reg S/Rule 144A) (the “Notes”) to be issued by its wholly owned subsidiary, Qtel International Finance Limited under the Global Medium Term Note Programme established on the Irish Stock Exchange. The Notes will be unconditionally and irrevocably guaranteed by Qtel.

The notes mature on 21 February 2023 and have a coupon of 3.25%. The transaction was priced at a margin of 1.75% over the 10 year U.S. Treasury rate. Net proceeds from the sale of the Notes will be used for Qtel’s general corporate purposes, including refinancing existing indebtedness.