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Ooredoo subsidiary to pay $40m to GMTN holders

Ooredoo subsidiary to pay $40m to GMTN holders
Photo Credit: Arabianeye-Reuters
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Doha-Mubasher: Ooredoo International Finance Limited, a wholly owned subsidiary of Ooredoo, will pay around QAR 40 million to its Global Medium Term Note (GMTN) holders on 17 and 21 August, according to a filing to Qatar Stock Exchange (QSE).

Ooredoo’s subsidiary will pay $23.75 million for holders of bonds worth $1 billion at an interest of 4.75% on 17 August, and it will pay $16.25 million for holders of bonds worth $1 billion at the interest of 3.25% on 21 August.