23-01-2013

Doha, Qatar
Qatar Telecom (Qtel) Q.S.C. ("Qtel") today announced the successful pricing of 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 US$3 billion Global Medium Term Note Programme established on the Irish Stock Exchange on 7 December 2012. The Notes will be unconditionally and irrevocably guaranteed by Qtel.

The most recent issuances were priced and allocated as follows:

(i) US$ 500 million 15 - year Notes with a coupon of 3.875%,  due 31 January 2028.
(ii) US$ 500 million 30 - year Notes with a coupon of 4.5%, due 31 January 2043.

The transaction was priced at a margin of 2.15% over the 10 year U.S. Treasury rate for the 15 year note and at 1.625% over the 30 year U.S. Treasury rate for the 30 year note.

Net proceeds from the sale of the Notes will be used for Qtel’s general corporate purposes, including refinancing existing indebtedness.

Qtel mandated RBS as the global coordinator and RBS, together with Bank of America Merrill Lynch, Citi Bank, J.P. Morgan and QNB Capital, acted as the Joint Lead Managers and Bookrunners.

The settlement of the offering is expected to occur on 31 January 2013 and is subject to customary settlement conditions.