By Christine Van Dusen
Atlanta, Oct. 6 - QTel International Finance Ltd. priced a $1.5 billion issue of notes due 2016 and 2020 on Wednesday, according to an informed market source.
The deal included $500 million 3 3/8% notes due 2016 that priced at 99.243 to yield 3.516%, or Treasuries plus 235 basis points.
The issuer also sold $1 billion 4¾% notes due 2020 at 99.161 to yield 4.855%, or Treasuries plus 245 bps.
Barclays Capital, Deutsche Bank, Mitsubishi UFJ Securities, Qatar National Bank, Standard Chartered Bank and RBS were the bookrunners for the Rule 144A and Regulation S transaction.
QTel is a subsidiary of Qatar-based telecommunications service provider Qatar Telecom QSC.
| Issuer: | QTel International Finance Ltd.
|
| Total amount: | $1.5 billion
|
| Bookrunners: | Barclays Capital, Deutsche Bank, Mitsubishi UFJ Securities, Qatar National Bank, Standard Chartered Bank, RBS
|
| Trade date: | Oct. 6
|
| Settlement date: | Oct. 14
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Notes due 2016
|
| Amount: | $500 million
|
| Maturity: | 2016
|
| Coupon: | 3 3/8%
|
| Price: | 99.243
|
| Yield: | 3.516%
|
| Spread: | Treasuries plus 235 bps
|
|
|
| Notes due 2020
|
| Amount: | $1 billion
|
| Maturity: | 2020
|
| Coupon: | 4¾%
|
| Price: | 99.161
|
| Yield: | 4.855%
|
| Spread: | Treasuries plus 245 bps
|
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