New Issue: Qatar’s Ooredoo prices $500 million 3¾% notes due 2026 at 240 bps spread

By Christine Van Dusen

Atlanta, June 14 – Qatar’s Oordeoo QSC priced a $500 million issue of 3¾% notes due June 22, 2026 (expected ratings: A2/A-/A+) at mid-swaps plus 240 basis points, according to an announcement from the company.

The notes came at the tight end of talk for a spread of 240 bps to 245 bps.

HSBC was the global coordinator and ANZ, BofA Merrill Lynch, Citigroup, DBS Bank, HSBC, Mizuho Securities, MUFG Securities and QNB Capital were the joint lead managers and joint bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for general corporate purposes.

Ooredoo is the Doha-based telecommunications company formerly known as Qtel International.

Issuer:	Ooredoo QSC
Amount:	$500 million
Maturity:	June 22, 2026
Description:	Senior notes
Bookrunners:	HSBC (global coordinator); ANZ, BofA Merrill Lynch, Citigroup, DBS Bank, HSBC, Mizuho Securities, MUFG Securities, QNB Capital (joint lead managers, joint bookrunners)
Coupon:	3¾%
Spread:	Mid-swaps plus 240 bps
Trade date:	June 15
Settlement date:	June 22
Expected ratings: Moody’s: A2
	S&P: A-
	Fitch: A+
Distribution:	Rule 144A/Regulation S
Price talk:	Mid-swaps plus 240 bps to 245 bps

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