Qtel gets blowout response to $2bn RFP

14 Apr 2010

Qatar Telecom (Qtel) is expected to sign senior banks into a $2bn refinancing loan in the next 10 days after receiving a blowout response from the market, said bankers close to the deal on Wednesday.

Qtel, rated A1/A-/A+ and considered one of the strongest Middle Eastern corporate borrowers, sent banks requests for proposals last month. Five banks are understood to have been mandated as bookrunners. About five more are expected to come in at the top level, although they will be initial mandated ...

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