Ooredoo wins “Qatar - Deal of the Year 2013” | Ooredoo wins “Qatar - Deal of the Year 2013” -
During the event.

Ooredoo wins “Qatar – Deal of the Year 2013”

: Wednesday, February 26 - 2014 @ 16:16

Ooredoo Q.S.C. (“Ooredoo”) – announced that it has won “Qatar – Deal of the Year” at the Islamic Finance Awards 2013. Ooredoo was nominated for its inaugural US$1.25 billion Reg S 5 year Sukuk (“the Sukuk”) which was launched in December 2013.

The award was received at the Islamic Finance News Annual Awards Ceremony 2013 held on 24 February 2014 at the Ritz Carlton, DIFC in Dubai.

The US$1.25 billion issuance was made under Ooredoo’s US$2 billion Trust Certificate Programme and was four times over-subscribed. The Sukuk was issued by Ooredoo Tamweel Limited, a special purpose vehicle wholly owned by Ooredoo which is rated A2 by Moody’s, A- by S&P and A+ by Fitch. The Sukuk matures on 3 December 2018 and has a semi-annual profit rate of 3.039%. It is listed on the Official List of the Irish Stock Exchange and admitted to trading on its Main Securities Market.

Net proceeds from the sale of the Sukuk were used by Ooredoo for general corporate purposes including re-financing existing indebtedness. Ooredoo mandated DBS Bank Ltd., Deutsche Bank AG London Branch, HSBC Bank plc, QInvest LLC and QNB Capital LLC to act as Joint Lead Managers and Joint Bookrunners for the Reg S benchmark offering.

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Wednesday, February 26- 2014 @ 16:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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