Ooredoo secures US$1bn loan

Ooredoo secures US$1bn loan

Published: May 29, 2014

Qatari telecoms company will use funds from 17 lenders to repay existing borrowing.

Ooredoo, a Qatari telecoms company, has signed a US$1bn loan.

The five-year revolving credit facility will allow the company to repay a US$750mn loan that falls due next May, as well as funding general corporate activities.

Seventeen global and regional banks contributed to the loan.