Qatar Petroleum plans dollar, multi-tranche offering of conventional, Formosa bonds

By Rebecca Melvin

Concord, N.H., June 28 – Qatar Petroleum has scheduled a series of fixed-income investor meetings for a planned dollar-denominated multi-tranche bond offering consisting of five-, 10- and 20- year conventional bonds, alongside a 30-year dual-listed Formosa bond (expected ratings: Aa3/AA-/AA-), according to a market source.

The meetings are expected to begin on Monday.

Citigroup and JPMorgan are global coordinators and are also acting as joint bookrunners together with BofA Securities, Deutsche Bank, Goldman Sachs, HSBC, MUFG and QNB Capital. Credit Suisse is a passive joint bookrunner for the Rule 144A and Regulation S deal.

Qatar Petroleum is a liquified natural gas producer and exporter based in Qatar.

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