Qtel Closes Latest Bond Issue

Qtel

Qatar Telecom (Qtel) Q.S.C. has announced the successful closing of the previously announced pricing of its US$1.5 billion and US$1.25 billion senior unsecured notes under its existing US$5.0 billion Global Medium Term Note Programme (the "Programme").

The most recent US$1.5 billion and US$1.25 billion issuances were priced and allocated as follows:

(i) US$1 billion; 3.375% 6 - year Notes due 14 October 2016;

(ii) US$1 billion; 4.75% 10 - year Notes due 16 February 2021; and

(iii) US$750 million; 5.00% 15 - year Notes due 19 October 2025.

The net proceeds of the sale of the notes offered hereby will be used for general corporate purposes, including refinancing existing indebtedness.