Qatar Telecom plans to sell US$1.5 billion of senior unsecured U.S. dollar denominated debt in a two-part offering, according to a person familiar with the transaction.
A US$1 billion portion of 10.5-year debt may yield 245 basis points to 250 basis points more than similar-maturity U.S. Treasuries, and US$500 million of 6-year bonds may pay a spread of 235 basis points, said the person, who declined to be identified because terms aren’t set.
The telecommunications provider, which is based in Doha, may issue the debt as soon as today, the person said.
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