Banks have been asked to submit their commitments for the refinancing of Qtel’s US$2bn forward-start facility on May 7, TelecomFinance has learned.
A source close to the deal said: “The general syndication of the transaction is receiving an extremely…
Banks have been asked to submit their commitments for the refinancing of Qtel’s US$2bn forward-start facility on May 7, TelecomFinance has learned.
A source close to the deal said: “The general syndication of the transaction is receiving an extremely positive response.”
BNP Paribas, DBS Bank, Qatar National Bank, RBS and SG are bookrunners for the US$2bn facility.
A senior syndication closed in April with Bank of Tokyo Mitsubishi, Barclays Capital, Citigroup, Deutsche Bank, HSBC, Samba, SMBC, Standard Bank and West joining in.
The new facility comprises a US$1.250m three-year loan with a margin of 75bp over Libor and a US$750m five-year loan at 105bp.
The Qatari operator closed its forward-start facility last year with Bank of Tokyo Mitsubishi, Barclays Capital, BNP Paribas, DBS, and RBS acting as MLAs and bookrunners.
