Qatari incumbent QTel has announced that bids for its US$1.5bn (E1.07bn) 10- and six-year bond sale exceeded US$15bn (E10.73bn).
The company this week floated a US$500m (E358m) six-year bond and a US$1bn (E716m) 10-year bond priced at 3.375% and 4.75%…
Qatari incumbent QTel has announced that bids for its US$1.5bn (E1.07bn) 10- and six-year bond sale exceeded US$15bn (E10.73bn).
The company this week floated a US$500m (E358m) six-year bond and a US$1bn (E716m) 10-year bond priced at 3.375% and 4.75% respectively.
The net proceeds of the sale will be used for general corporate purposes, including refinancing existing indebtedness, the company said in a statement.
QTel, mandated Barclays Capital, Deutsche Bank, Qatar National Bank, Royal Bank of Scotland, Standard Chartered, and Mitsubishi UFJ for the issue.
QTel declined to comment further.
