Qatar Telecom is seeking to raise between $1 billion and $1.25 billion by selling 15-year bonds and reopening last week’s issue of notes due in 2016, said two people with knowledge of the deal.
The company is selling more bonds after “high” demand and “attractive pricing” for its previous issue, it said in an e- mailed statement today. Qatar Telecom last week raised $1.5 billion from a two-part bond sale after receiving investor orders for $15 billion.
Qatar Telecom may offer $500 million to $750 million of dollar-denominated bonds due in October 2025 at a yield between 262.5 and 267.5 basis points over 10-year Treasuries, according to the people, who declined to be identified because the transaction isn’t completed. It may also offer $500 million of its existing bonds due October 2016 at a price of about 100.15 cents on the dollar, according to the people.
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