Qatar Petroleum to start marketing for dollar-denominated five-year bonds on Thursday

By Reshmi Basu

New York, May 10 - Qatar Petroleum plans to start a roadshow for a dollar-denominated benchmark-sized debut offering of five-year fixed-rate bonds (A1/A+) on Thursday in Doha, Qatar, according to a market source.

The roadshow will then move to London on Monday, May 15, to the West Coast on Tuesday, May 16, followed by a stop in Boston on Wednesday, May 17 and finally wrapping up in New York on Thursday, May 18.

The bonds will carry a three-year average life.

Proceeds will be used for general capital purposes.

Citigroup and Credit Suisse are joint lead managers for the Rule 144A/Regulation S deal.

Qatar Petroleum is the national company responsible for all oil and gas industry processes in Qatar and abroad.

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