Qtel mandates banks for possible bond - leads

Qatari telco mandates six banks for possible dollar bond, probably US$500m or more
By Reuters
Thu 06 Dec 2012 04:42 PM

Qatar Telecom has mandated six banks for a possible benchmark-sized dollar-denominated bond, lead arrangers said on Thursday.

The operator, which is majority state-owned, picked Barclays , HSBC, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley and QNB Capital as lead arrangers and bookrunners for the Reg S/144a-compliant deal.

Benchmark-sized is typically at least US$500m.

Roadshows kick off on December 9 in the United Arab Emirates before meetings in London, Hong Kong, New York, Singapore and Boston, concluding on December 11.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.