Wednesday 6 March 2019

UPDATE 1- #Qatar starts marketing multi-tranche dollar bond | Reuters

UPDATE 1-Qatar starts marketing multi-tranche dollar bond | Reuters:

Qatar, the world’s largest exporter of liquefied natural gas, started marketing on Wednesday a U.S. dollar-denominated bond issue split into tranches of five, 10 and 30 years.

The debt sale, which sources said could go up to around $10 billion, will be finalised later on Wednesday, according to a document issued by one of the banks leading the deal and seen by Reuters.

The five-year notes are offering an initial price guidance of around 110 basis points over US Treasuries, while the 10-year and the 30-year notes offer around 160 bps and 200 bps over the same benchmark.

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