Qatar’s Ooredoo Raises $500 Million in Oversubscribed Bond Sale

Ooredoo, Qatar’s leading telecommunications provider, successfully raised $500 million in a bond issuance that was met with strong demand from global investors. The sale marks another significant step in Ooredoo's ongoing $5 billion global fundraising plan. This new 10-year bond issue was oversubscribed by 3.6 times, indicating substantial confidence in the company’s financial standing and future prospects.

The bond, issued by Ooredoo International Finance Limited, a wholly owned subsidiary, was priced with a 4.625% annual coupon rate, one of the lowest secured by any emerging market corporate issuer. Its spread of 88 basis points over 10-year U.S. Treasuries further reflects the strong investor sentiment. The issuance saw participation from a wide range of financial institutions, including asset managers, insurance and pension funds, and sovereign wealth funds across regions like the U.S., Europe, Asia, and the Middle East.