Thursday, 7 October 2010

Qatar Telecom's $1.5 Billion Bond Offering Receives $15 Billion in Bids - Bloomberg

Qatar Telecom QSC raised $1.5 billion from a two-part bond sale after receiving investor orders for 10 times that amount.

The Doha-based company sold $1 billion of 4.75 percent notes due in 2021 priced to yield 245 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. It also issued $500 million of six-year, 3.375 percent notes priced at a 235 basis-point spread, the data show.

Qatar Telecom’s sale benefitted from a “combination of market demand, long-term financing and attractive pricing levels” that attracted bids for $15 billion, the company said in an e-mailed statement.

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