The wow factor from the State of Qatar's US$5bn Triple Tranche 144a/Reg S bond issue last Tuesday may not have been as strong as it was the last time the state issued in the international markets, but the deal still showed that the gas-rich country is one of the most highly sought after sovereigns.
"After a fairly quiet period for MENA issuance Qatar was exactly the right name to come to market in size," said Andrew Dell, head of debt capital markets, CEEMEA at HSBC. "Yet again they have executed the biggest deal of the year and set the benchmark for the region. What a contrast to the travails of Europe."
HSBC led the deal alongside Citigroup, JP Morgan, Mitsubishi UFJ, QNB Capital and Standard Chartered.
No comments:
Post a Comment