Moody's assigned the rating in the context of Turk Exim issuing long term debt notes through its GMTN
programme, up to a maximum aggregate of $1.
is a wholly-owned subsidiary of International Petroleum Investment Company (IPIC; AA/Stable/A-1+) and has been established to issue the bonds under a guaranteed global medium-term note program.
has been recognised as one of the best in its class in providing sustainable support for a ambitious company's growth plans in the short, medium and long-term," said Dr.
Qtel), the A1 rating for Qtel International Finance Limited and A1-rated bonds issued under Qtel's GMTN
programme under review for possible downgrade following the change in outlook to negative from stable of the Ba1 Corporate Family Rating for PT Indosat Tbk, of which Qtel owns 65%.
Moody's Investors Service has placed the A1 long term ratings for Qatar Telecom (Qtel), the A1 rating for Qtel International Finance and A1-rated bonds issued under Qtel's GMTN
programme under review for possible downgrade.
This is the second GMTN
programme we have been appointed to manage this year by an Abu Dhabi based entity and we look forward to providing a first class service to both the issuer and international investors.
Tickers featured: CAB, COO, EMMS, GMTN
, JOYG, MXT, NCI, OCLR, OS, PVN, RGCI, TSA, VLO.
The size of the GMTN
Programme is US$7 billion of issuance and the Sukuk Programme is USD$1 billion of issuance.
Bonds issued under the GMTN
programme will not carry a Dubai government guarantee, according to the prospectus.
Ala'a Eraiqat, CEO of ADCB, said that while the bank had actively issued debt in the past under its European Medium Term Note Programme (EMTN), the preparation and completion of the disclosure and due diligence processes required to update the GMTN
to meet the rigorous international transparency and disclosure standards has been an arduous and rewarding task for the senior management at ADCB.
Andrew Leamon, Director of Global Debt Services (GDS) at Deutsche Bank in Dubai, said, "We are very pleased to have been selected by TDIC as issuing & paying agent for their debut GMTN
Bank of New York Mellon (BofNY) (NYSE: BK) has said that it has been appointed as principal paying and issuing agent for Qatar Telecom (Qtel) International Finance Limited's USD5bn global medium-term note, or GMTN