Qatari incumbent QTel is kicking-off a roadshow for a benchmark-sized dollar bond on October 4, having mandated six banks.
Qatar International Finance, a wholly owned subsidiary of the state-owned telco, has mandated Barclays Capital, Deutsche Bank,…
Qatari incumbent QTel is kicking-off a roadshow for a benchmark-sized dollar bond on October 4, having mandated six banks.
Qatar International Finance, a wholly owned subsidiary of the state-owned telco, has mandated Barclays Capital, Deutsche Bank, Qatar National Bank, Royal Bank of Scotland, Standard Chartered, and Mitsubishi UFJ for the issue.
The bond will be guaranteed by state-controlled QTel and is expected to be launched after the roadshows in the US, Europe, Middle East and Asia, a local paper suggested.
A benchmark-sized issue is usually understood to be US$500m (E364.67m).
QTel confirmed to TelecomFinance that the above mentioned banks were mandated and that the telco is currently undertaking meetings with fixed income investors in Asia, UAE and US, but declined to comment further.
