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Qtel to launch another debt sale


Doha: Qatar Tele-communications (Qtel) will launch another debt sale after strong investor appetite for its recent bond issuance, the state-controlled telecoms firms said Wednesday.

A banker with a lead arranger said the firm was eyeing a two-tranche dollar bond issue, comprising a $500 million (Dh1.8 billion) six-year part and an up to $750 million 15-year bond.

Last week, Qtel launched a $500 million six-year bond and a $1 billion 10-year bond priced at 3.375 per cent and 4.75 per cent respectively.

Attractive pricing

Demand for the issue was more than 10 times oversubscribed, as bids exceeded $15 billion.[Read More]