Ooredoo closes $500 million in senior unsecured notes

Qatar-based Ooredoo said its senior unsecured Reg S/Rule 144A notes, with a pricing of $500 million, have been closed successfully. 

The notes were issued under the $5 billion Global Medium Term Note Program, widely recognized on the Irish Stock Exchange. Ooredoo completely and permanently guarantees the notes.

Any revenue from the sale of the notes will go toward Ooredoo’s general corporate expenses and refinancing the company’s current debts. The notes were prices with a 2.27 percent margin over the U.S. Treasury bond and will have a coupon of 3.75 percent. The notes will mature June 22, 2026.

Ooredoo International Finance Limited, a secondary company of Ooredoo, issued the notes.