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Qatar Telecom eyes more bond issues

The Qatar Exchange (QE) Index ended 0.92% higher at 7,827.55. Shares of Qatar Telecom gained 0.87%, finishing at QR173.50. Qtel International Finance Limited, a wholly owned subsidiary of Qtel), announced that following the high levels of demand from the international fixed income investor community for its recent bond issuance, and the attractive pricing levels achieved, the Company has decided to undertake a further issuance under its Global Medium Term Note Programme. Qtel's recent $1.5 billion bond sale was more than ten times oversubscribed, as bids exceeded $15 billion a week ago.