Set as Homepage | Eyeofdubai.com RSS Feeds Media Pack Tuesday February 9 , 2010
Home
Register | Login  | Home |  عربي
 
News Events Dubai Guide Business Directory Restaurants Real Estate Stock Markets Book Hotels Newspapers Videos Articles
 

More News

dot Government
dot Business & Money
dot Tourism & Hospitality
dot Beauty & Style
dot Healthcare
dot Culture & Education
dot Sports
dot Environment & Energy
dot Technology & IT

Advertising Info

The Bank of New York Mellon appointed Principal Paying Agent and Issuing Agent in respect of the U.S.$5 Billon Global Medium Term Note Programme unconditionally and irrevocably guaranteed by Qatar Telecom (Qtel) Q.S.C. (Qtel)

Posted on: Monday June 15 , 2009  12:00:48 PM (GMT+4) Submit Press Release

Email | Print Comment Recommend this story (*) [-]Text[+]


RELATED NEWS
 BNY Mellon appoints new Heads of Client Management for Europe and Middle East & Africa
24 January 2010
 Instant Prepaid Mobile Internet Access now Available in Qatar
17 December 2009
 Launch of New Network Systems Bring New Era of Communication for Indonesia
23 November 2009
 Wataniya Mobile Launches Its Commercial Operations in the West Bank
11 November 2009
 wi-tribe and Packet One International sign HOA to Boost Asian WiMAX Industry
29 September 2009


  • Represents another important project for Qtel by BNY Mellon following its GDR programme 


 
The Bank of New York Mellon, a global leader in asset management and securities servicing has been appointed Principal Paying Agent and Issuing Agent for Qtel International Finance Limited’s (“QIFL”) $5 bn GMTN Programme unconditionally and irrevocably guaranteed by Qtel. This is the inaugural debt issuance for QIFL with net proceeds of the sale of the Notes offered used for general corporate purposes,including refinancing existing indebtedness.
 
“We are pleased to support this important transaction for Qtel, which is one of the premier corporates in the region” said Hani Kablawi, Managing Director and Head of MEA at The Bank of New York Mellon, and further commented “ We continue to demonstrate our ability to service the debt and equity needs of issuers in the MEA region.”
 
Qtel is a telecommunications service provider licensed by the Supreme Council of Information and Communication Technology (ictQATAR) to provide both fixed and mobile telecommunications services in the state of Qatar. With a presence in 17 countries and committed to expansion both in the MENA region and South East Asia, Qtel’s vision is to be among the top 20 telecommunications companies in the world by 2020.
 
In April 2008, The Bank of New York Mellon received its branch license from the Dubai Financial Services Authority (DFSA) for a regional management and line of business hub in Dubai supporting its established activities in the region, which encompass offices in Abu Dhabi, Beirut, Cairo, Istanbul and Johannesburg.
 
The Bank of New York Mellon's corporate trust business services more than $12 trillion in outstanding debt from 57 locations around the world. It services all major debt categories, including corporate, municipal and sovereign debt, mortgage-backed and asset-backed securities, derivative securities and international debt offerings. The bank does not compete with investment banks and deal arrangers, which allows it to provide issuers, investors, borrowers and lenders with an independent and objective service for their transactions.
 
Corporate trust providers are appointed by corporations, municipal governments and financial institutions issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.


Email | Print  
RECOMMEND THIS STORY
 Your Vote
Average Rating
This article has been Rated 0.0 stars


Comments

There are no comments posted yet.
Add your own comment:
All posts are sent to the administrator for review and are published only after approval. Eyeofdubai.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name:
*
Comment:
*
Email:
*
    

Advertising Info
MOST READ
 MD Skincare Hydra-Pure Collection a gift for Valentines Day
4 February 2010
 DESIGN YOUR BESPOKE WEDDING AT THE BRIDE SHOW ABU DHABI
4 February 2010
 Vantis plc: Stanford International Bank Ltd in Liquidation (SIB) Update
6 February 2010
 Acclaimed recording artiste Sting to perform live at Dubai Racing Carnival on 4th March
5 February 2010
 Industry experts to convene at the 6th Middle East Forex Trading Expo & Conference
8 February 2010

Advertising Info
LATEST IN BUSINESS & MONEY
 Iyad Kamal takes over as Chief Operations Officer of Aramex
 Dubai Chamber holds talks with heads of business groups, councils
 Jumbo Electronics Invests AED3m during Dubai Shopping Festival 2010
 DED and AHK organize business networking meeting to enhance cooperation
 Your Gateway to the Middle Easts Aluminium Market
TOURISM & ENTERTAINMENT
 Street musicians create lingering melodies at Al Riqqa this DSF
 Shopping Dance show wows audiences in Deira City Centre
 The ideal Valentines at Al Ain Rotana
 SRI LANKA REOPENS TWO WILDLIFE PARKS
 MANDARIN ORIENTAL TO OPEN A NEW LUXURY RESORT AND RESIDENCES IN ABU DHABI
   Eyeofdubai.com sponsored by :
©2001-2010   Fourth Dimension      Terms of Use | Privacy Policy | Advertise with us | Contact Us | Our sponsors | Media Pack | Photo Gallery | Careers
Add Press Release; Events; Company Listing   |  Eyeofdubai.com RSS Feeds  |     Facebook Icon  Become a fan on Facebook     Twitter Icon  Follow us on Twitter
   Awards Won by Eyeofdubai.com
   
UAE WEB AWARDS - 2009 - Best Website of the year, Best Directory & Info Services website, Best Arabic Content Website
UAE WEB AWARDS - 2007 - Best Website of the year, Gold award for Best Travel & Tourism website, Gold award for Directories and Info Services
PAN ARAB WEB AWARDS - 2007 - Best Strategic website for Travel & Tourism, International Standards web technology award, Gold award for Best Travel & Tourism website
UAE WEB AWARDS - 2006 - Best strategic Travel & Tourism website
Dubai Muncipality Department of Civil Aviation - Government of Dubai Dubai Shopping Festival - 2009 Roads & Transport Authority of Dubai Dubai Chamber of Commerce Etisalat Emaar du - Add life to life