By Christine Van Dusen
Atlanta, July 14 - Qatar's Qatari Diar Finance priced a $3.5 billion two-tranche offering of notes due 2015 and 2020, according to a market source.
The $1 billion 3½% notes due 2015 priced at 99.252 to yield 3.665%, or Treasuries plus 180 basis points. Price talk was set at the Treasuries plus 185 bps area.
The $2.5 billion 5% notes due 2020 priced at 99.969 to yield 5.004%, or Treasuries plus 190 bps. Price talk was set at the Treasuries plus 195 bps area.
Barclays Capital, HSBC, Qatar National Bank, Standard Chartered and RBS were the bookrunners for the Rule 144A and Regulation S deal.
Qatari Diar is part of the Qatar sovereign's wealth fund.
| Issuer: | Qatari Diar Finance
|
| Amount: | $3.5 billion
|
| Bookrunners: | Barclays Capital, HSBC, Qatar National Bank, Standard Chartered, RBS
|
| Trade date: | July 14
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Notes due 2015
|
| Amount: | $1 billion
|
| Maturity: | 2015
|
| Coupon: | 3½%
|
| Price: | 99.252
|
| Yield: | 3.665%
|
| Spread: | Treasuries plus 180 bps
|
| Price talk: | Treasuries plus 185 bps area
|
|
|
| Notes due 2020
|
| Amount: | $2.5 billion
|
| Maturity: | 2020
|
| Coupon: | 5%
|
| Price: | 99.969
|
| Yield: | 5.004%
|
| Spread: | Treasuries plus 190 bps
|
| Price talk: | Treasuries plus 195 bps area
|
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