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tribune news network
Doha
Ooredoo, the dual-listed company on both the Qatar Stock Exchange (QSE) and the Abu Dhabi Securities Exchange, on Monday announced that its wholly-owned subsidiary Ooredoo International Finance Limited will pay its Global Term Medium Note (GMTN) interests to bond holders on December 11 and December 12 this year.
On December 11, Ooredoo International will pay $23.625 million to holders of $600 million bonds with interest of 7.875 percent and with maturity date of 10 June, 2019, according to a filing to the Qatar Stock Exchange.
Moreover on December 22, the company will pay $9.375 million to holders of $500 million bonds with 3.75 percent interest, which will mature on June 22 in 2026.
The total value of interests that Ooredoo International will pay to the bond holders amounted to around $33 million.
By the end of Monday's trade, Ooredoo dipped 4.06 percent, while the stock saw no trades on ADX.
