Not yet a member?Join now!|Lost password
The Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation
02/11/2013 | Press release
BNY Mellon Appointed Principal Paying Agent for USD3bn Qatar Telecom (Qtel) Q.S.C. Global Medium Term Note Programme
distributed by noodls on 02/11/2013 11:27
News Release
Contact: Tim Steele
BNY Mellon
+44 20 7163 5850 tim.steele@bnymellon.com
BNY Mellon Appointed Principal Paying Agent for
USD3bn Qatar Telecom (Qtel) Q.S.C. Global Medium Term Note Programme
DUBAI, February 11, 2013 - BNY Mellon, the global leader in investment management and investment services, has been appointed principal paying agent, registrar, exchange agent, and paying & 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 USD1 billion senior unsecured drawdown under the programme back in December 2012, Qtel has subsequently issued two more notes, including 30-year USD500 million notes, and therefore marking a significant milestone for corporate debt issuers in Qatar," said Giambattista Atzeni, Vice-President and Senior Relationship Manager for MENA & 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.
- ends -
Notes to editors:
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. It operates a portfolio of brands including Qtel, Indosat, Asiacell, Wataniya, Nawras, Nedjma and Tunisiana.
BNY Mellon has been conducting business in the Middle East and Africa for nearly 100 years. The company was granted a branch licence in 2008 by the Dubai Financial Services Authority (DFSA). The Dubai office acts as a regional management and line of business hub supporting representative offices in Abu Dhabi, Beirut, Cairo, Istanbul & Johannesburg. BNY Mellon works with a wide range of financial institutions, governments and other clients throughout the region, offering issuer services and correspondent banking services, as well as custody and asset management services.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
This press release is issued by The Bank of New York Mellon to members of the financial press and media.
All information and figures source BNY Mellon unless otherwise stated as at December 31, 2012.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL Authorised and regulated in the UK by the Financial Services Authority. The Bank of New York Mellon, Dubai Branch
Branch office: The DIFC, The Exchange Building, 5 North Level 6, PO Box 506723, Dubai, UAE Authorised and regulated by the Dubai Financial Services Authority.
