Doha: Ooredoo yesterday announced the signing of a $1bn revolving credit facility agreement.
The agreement was executed between Ooredoo Q S C as the borrower and the syndicate of banks consisting of Australia and New Zealand Banking Group Ltd, Barclays Bank PLC, BNP Paribas Fortis SA/NV, Citibank, N A, London Branch, DBS Bank Ltd, Deutsche Bank AG, London Branch, HSBC Bank Middle East Ltd, Mizuho Bank, Ltd, Qatar National Bank S A Q, Societe Generale, Sumitomo Mitsui Banking Corporation, Dubai Branch, The Bank of Tokyo-Mitsubishi UFJ Ltd., Ooredoo said in a press release published yesterday in the Qatar Exchange website.
The tenor of the facility is five years and the facility will be used for pre-paying the $750m revolving credit facility maturing in May 2015 and for general corporate purposes.
QNA
