By Sujata Rao
Bond to be guaranteed by the state and will be rated at the sovereign level.
Qatari Diar Finance, the property arm of Qatar's sovereign wealth fund, has appointed five banks to lead a dollar bond and will start meeting investors this week in London, a source at one of the banks said on Wednesday.
It has appointed Barclays, HSBC, Qatar National Bank, Standard Chartered and RBS to lead a US dollar denominated benchmark issue.
The 144a/RegS bond is to be guaranteed by the state of Qatar and will be rated at the sovereign level, the official at the arranging bank said.
Reuters reported last month that the company was planning a $3.5 billion two tranche bond with five and 10 year maturities.
The bond will be issued after a roadshow that will start in London on Thursday and Friday, move to New York on Monday and conclude in Boston on Tuesday.
Qatar is rated Aa2 by Moody's and AA by Standard & Poor's, following an upgrade by S&P this week.
Diar counts London's Chelsea Barracks among its high profile overseas assets. (Reuters)For all the latest Qatar news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.