Ooredoo Subsidiary to Pay Bondholders Interest on June 10

Doha, May 15 (QNA) - Telecom operator Ooredoo, previously known as Qatar Telecom (Q-Tel), has announced that its wholly owned subsidiary Qtel International Finance Limited (QIFL) will pay interest to its Global Medium Term Note (GMTN) holders on June 10 next month. The issuer QIFL will pay interest to noteholders (US $900,000,000 at the rate of 6.5%) US $29,250,000 and noteholders (US $600,000,000 at the rate of 7.875%) US $23,625,000 that is due June 10, a Qatar Exchange notification said Wednesday. The terms defined in the notice shall have the meaning given to them in the terms and conditions of the notes and the final terms, QIFL said. (QNA)