Qatari operator Ooredoo is looking to secure a US$500m Islamic loan, according to multiple reports.
The incumbent has approached several banks, asking them for guidance on pricing for a one-, three- or five-year loan.
Ooredoo declined to comment on…
Qatari operator Ooredoo is looking to secure a US$500m Islamic loan, according to multiple reports.
The incumbent has approached several banks, asking them for guidance on pricing for a one-, three- or five-year loan.
Ooredoo declined to comment on market rumours but said: “We are permanently reviewing finance options to accommodate our financial needs with our banking partners.”
In late May 2014, the company signed a US$1bn revolving credit facility with 17 local and international lenders to pre-pay a US$750m revolver maturing this year and for general corporate purposes.
A few days prior, it had secured three murabaha facilities for a combined US$498m, proceeds of which were also used for general corporate purposes.
