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Ooredoo unit to pay $35.6m to GMTN holders

Ooredoo unit to pay $35.6m to GMTN holders
Ooredoo fell 0.11% by 10:15am Qatar time (Photo Credit: Ooredoo's Instagram account)
Ooredoo
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Ooredoo
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Doha – Mubasher: Ooredoo International Finance Limited, a wholly owned subsidiary of Ooredoo, will make interest payments to its Global Medium Term Note (GMTN) holders on mid-December, according to a filing to Qatar Stock Exchange (QSE).

Ooredoo’s subsidiary will pay $23.625 million on 12 December 2016 for holders of bonds worth $600 million at an interest of 7.875% and due on 10 June 2019.

Ooredoo fell 0.11% by 10:15am Qatar time after generating QAR 116,470 from the exchange of 1,290 shares.