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Ooredoo to pay $21m to bond holders in January

Ooredoo to pay $21m to bond holders in January
Ooredoo to pay $21 milllion to bond holders in January
Ooredoo
ORDS
-0.95% 9.96 -0.10

Mubasher: Ooredoo on Thursday announced that its wholly-owned subsidiary Ooredoo International Finance Limited will pay interest of $20.9 million to its Global Term Medium Note (GMTN) bond holders on 31 January 2018.

Ooredoo International will also repay $11.25 million to holders of $500 million bonds with a 4.50% interest due 31 January 2043, according to company’s statement on Qatar Stock Exchange (QSE).

Moreover, Ooredoo subsidiary will repay $9.68 million to holders of $500 million bonds with 3.87% interest, and whose maturity is on 31 January 2028.

By 12:29 pm Qatari time, Ooredoo’s stock edged up 0.07% to QAR 90.48 on the QSE

Ooredoo is dually listed on the QSE and the Abu Dhabi Securities Exchange (ADX).