Doha – Mubasher: Ooredoo Tamweel Limited (OTL), a fully owned subsidiary of Ooredoo, on Wednesday reported that it will pay its Global Term Medium Note (GMTN) interest to bond holders on 22 June 2017.

The total amount stands at $9.38 million out of $500 million, payable on 22 June 2026, at an interest rate of 3.75%, according to a filing to the Qatar Stock Exchange (QSE).

The company’s profits retreated 33.5% by the end of the first quarter of 2017 to QAR 584.11 million, compared to QAR 878.64 million in Q1-16.

The telecommunications company had previously reported a 3.5% increase in its profits to QAR 2.193 billion in 2016, compared to QAR 2.118 billion in 2015.