BNY Mellon appointed principal paying agent for USD3bn Qatar Telecom note programme
BNY Mellon has been appointed principal paying agent, registrar, exchange agent, and paying and transfer agent for Qtel International Finance Limited’s (QIFL) new USD3bn Global Medium Term Note (GMTN) Programme unconditionally and irrevocably guaranteed by Qatar Telecom (Qtel).
“Following the initial 10-year USD1bn senior unsecured drawdown under the programme back in December 2012, Qtel has subsequently issued two more notes, including 30-year USD500m notes, and therefore marking a significant milestone for corporate debt issuers in Qatar,” says Giambattista Atzeni, vice-president and senior relationship manager for MENA and Turkey, corporate trust at BNY Mellon.
“BNY Mellon has been providing trust and agency services for the participants of the debt capital markets for over 100 years, we are looking forward to servicing Qtel bond issues for many years to come.”
BNY Mellon was also appointed in 2009 principal paying agent and issuing agent for Qtel International Finance Limited’s USD5bn GMTN Programme unconditionally and irrevocably guaranteed by Qtel.
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