Tuesday 11 December 2012

Qatar Telecom eyes 10-yr bond issue - leads | Reuters

Qatar Telecom, which is majority state-owned, plans to issue a long ten-year bond after investor meetings conclude, arranging banks said on Tuesday.

The former monopoly's latest bond will mature in February 2023, and order books are currently open. Roadshows conclude on Tuesday.

Qtel, which last tapped global debt markets for $2.75 billion in the fourth-quarter of 2010, last week mandated six banks to help arrange the potential bond, which is expected to be benchmark-sized, typically at least $500 million.

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