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Ooredoo’s OIFL to pay $24m to GMTN holders

Ooredoo’s OIFL to pay $24m to GMTN holders
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Doha-Mubasher: Ooredoo International Finance Limited (OIFL), a wholly owned subsidiary of Ooredoo, will pay periodic distributions to its global medium term note (GMTN) holders on 16 February 2016, according to a filing to Qatar Stock Exchange (QSE).

On the same date, OIFL, listed in Qatar Stock Exchange (QSE) and Abu Dhabi Securities Exchange (ADX), will pay $23.7 million for holders of bonds worth $500 million (maturing in January 2043) at an interest of 4.5%.

The company earlier reported net profit of QAR 756 million in the third quarter of 2015, versus QAR 375 million in the same period of 2014, with a rise of 102%.