Qtel looking to raise $1bn from bond sale
- Qatar: 6 hours, 8 minutes ago
Qtel is looking to raise $1bn from a 10-year bond, in its first bond market foray in more than two years, Reuters has reported. The former monopoly, rated A by Standard & Poor's, had last tapped global debt markets for $2.75bn in the fourth-quarter of 2010. The majority state-owned telecoms operator increased its stake in Iraq's Asiacell and Kuwaiti affiliate Wataniya in 2012, and hired JP Morgan Chase to advise it on a potential bid for Vivendi's Maroc Telecom.
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