Qatar Telecommunications (Qtel) has completed syndication of a $2 billion loan facility primarily to refinance its existing debt, due in November 2009.

Qatar Telecommunications (Qtel) has completed syndication of a $2 billion loan facility primarily to refinance its existing debt, due in November 2009. The general syndication, which was launched at $1.5 billion in March 2009, was to provide existing and new lenders to Qtel with an opportunity to join the facility. The facility was oversubscribed more than 100 per cent and its final size was increased to $2 billion.