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Ooredoo to pay $300m to bond holders in December

Ooredoo to pay $300m to bond holders in December
The total value of interests that Ooredoo International will pay to the bond holders amounted to around $33 mn.
OOREDOO
OOREDOO
0.10% 1,026.00 1.00
Ooredoo
ORDS
0.39% 10.18 0.04

Mubasher: Ooredoo, the dual-listed company on both the Qatar Stock Exchange (QSE) and the Abu Dhabi Securities Exchange (ADX), on Monday announced that its wholly-owned subsidiary Ooredoo International Finance Limited will pay its Global Term Medium Note (GMTN) interests to bond holders on 11 and 22 December, 2017.

On 11 December 2017, Ooredoo International will pay $23.625 million to holders of $600 million bonds with interest of 7.875%, and with maturity date of 10 June, 2019, according to a filing to the Qatar Stock Exchange (QSE).

Moreover, on 22 December, 2017, the company will pay $9.375 million to holders of $500 million bonds with 3.75% interest, whose maturity is on 22 June 2026.

The total value of interests that Ooredoo International will pay to the bond holders amounted to around $33 mn.

By the end of Monday’s trades, Qatari phone carrier Ooredoo dipped 4.06%, while the stock saw no trades on ADX.