New Issue: Qatar's Qtel prices $1 billion 3¼% notes due 2023 to yield Treasuries plus 175 bps

By Christine Van Dusen

Atlanta, Dec. 12 - Qatar Telecom QSC (Qtel) - through subsidiary Qtel International Finance Ltd. - priced a $1 billion issue of 3¼% notes due Feb. 21, 2023 (A2/A/A+) at 98.721 to yield 3.399%, or Treasuries plus 175 basis points, a market source said.

The notes priced at the tight end of talk, set at Treasuries plus 175 bps to 180 bps.

Barclays, HSBC, Mitsubishi UFJ, Mizuho Securities, Morgan Stanley and QNB Capital were the bookrunners for the Rule 144A and Regulation S transaction.

Issuer:	Qtel International Finance Ltd.
Amount:	$1 billion
Maturity:	Feb. 21, 2023
Description:	Notes
Bookrunners:	Barclays, HSBC, Mitsubishi UFJ, Mizuho Securities, Morgan Stanley, QNB Capital
Coupon:	3¼%
Price:	98.721
Yield:	3.399%
Spread:	Treasuries plus 175 bps
Trade date:	Dec. 12
Settlement date:	Dec. 19
Ratings:	Moody's: A2
	Standard & Poor's: A
	Fitch: A+
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 175 bps to 180 bps

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