DUBAI: Qatar Telecom (Qtel) will begin a road show for a benchmark-sized dollar bond on Oct 4, and six banks have been mandated to manage the sale, a banker familiar with the matter said.
Qatar International Finance Ltd., a wholly owned subsidiary of state-owned telecoms services provider Qtel, 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 road shows in the United States, Europe, Middle East and Asia, the person said.
A benchmark-sized issue is usually understood to be $500 million. Qtel was not immediately available for comment.
In July, Qatari Diar, the real estate arm of Qatar’s sovereign wealth fund, sold a government-guaranteed dual-tranche $3.5 billion bond to international investors.
The company said in May in wants to focus its expansion efforts on the Middle East North Africa (MENA) and Southeast Asia regions.
