Both tranches were admitted to trading on the London Stock Exchange. The programme will enable Qtel to raise finance in the international capital markets in order to fund its general corporate activities.
The Royal Bank of Scotland was the Arranger of the programme and a dealer for the programme, together with Barclays Bank PLC, BNP Paribas, DBS Bank Ltd, J.P. Morgan Securities Ltd., Mitsubishi UFJ Securities International plc and QNB Capital LLC.
Debashis Dey, Partner and Head of Capital Markets Middle East at Clifford Chance commented:
"The success of the company's debut bond issue is a testament to the company's strategy and ambitious growth plans. Clifford Chance was delighted to have acted for a Qatari company that has played a significant role in the diversification of the Qatar economy."
Clifford Chance's offices in the UAE and London worked together on this transaction. The UAE team was led by Debashis Dey (Partner and Head of Capital Markets Middle East), Stuart Ure (Senior Associate), Safira Nierojewski (Associate), Catherine Wilson (Associate) and Mark Dickinson (Trainee).
The London team consisted of Robert Trefny (Partner), Terrence Moloney (Senior Associate) and Alexandra Kremer (Associate). The GCC unit in Delhi provided invaluable support and assistance with the data room management and due diligence work.
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