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$3 billion Global Medium Term Note Programme established on the Irish Stock Exchange on 7 December 2012. The Notes will be unconditionally and irrevocably guaranteed by Qtel.
The most recent issuances were priced and allocated as follows:
- US$ 500 million 15 - year Notes with a coupon of 3.875%, due 31 January 2028
- 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.
This announcement is not an offer of securities for sale in the United States. The securities to which this announcement relates have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. 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.
This announcement is directed to "Qualified Institutional Buyers" (within the meaning of Rule 144a under the U.S. Securities Act of 1933, as amended) or "Non-U.S. Persons" in an "Offshore Transaction" (each as defined in Regulation S under the U.S. Securities Act) and their respective advisors. Any securities issued by Qtel International Finance Limited will be offered and sold only to such person. Re-transmission or distribution in whole or in part to any other person is prohibited.
Within the United Kingdom this announcement is directed only at (i) investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)), (ii) persons who are high net worth entities or any other person to whom it may otherwise lawfully be made falling within Article 49(2)(A) to (D) of such Order or (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Market Act of 2000 (as amended)) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). This announcement must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
Not for distribution, directly or indirectly, in or into any jurisdiction where to do so would be unlawful. Nothing in this communication shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful. The offering and the distribution of this communication and other information referred to herein may be restricted by law and persons into whose possession this communication or such other information comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
About Qtel
The Qtel Group is a leading international communications company, with a significant presence in the MENA region and Southeast Asia, and having a consolidated customer base of more than 89.2 million as of 30 September 2012. Its businesses operate under various names, including Qtel, Indosat, Asiacell, Wataniya, Nawras, Nedjma and Tunisiana.
The Qtel Group's principle activities are mobile telephone services, broadband solutions, digital futures and fibre technologies, serving both consumer and business markets. Headquartered in Doha, Qatar, the Qtel Group is ambitiously growing its global business on the basis of its insights into the needs of customers in emerging markets. Qtel Group's ultimate parent company is Qatar Telecom (Qtel) Q.S.C., whose shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
