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Banking

Qatar Telecom gets USD 2bn revolving credit facility.

Qatar Telecom gets USD 2bn revolving credit facility. According to the Peninsula , Qatar Telecom (Qtel) is seeking international investment opportunities, and has announced that a syndicated arrangement for a 3-year USD 2bn revolving credit facility. The Mandated Lead Arrangers (MLAs) are Barclays Capital, The Royal Bank of Scotland, DBS Bank Ltd, Gulf International Bank BSC, Qatar National Bank SAQ and BNP Paribas. Barclays Capital and The Royal Bank of Scotland have been appointed as the book-runners, and Barclays Capital has been appointed as the Agent Bank. Qtel CEO Nasser Marafih has disclosed that the facility will be used mainly to finance acquisitions in the telecommunication sector.

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