Qatar Telecom bags another $1.25bn, Dewa goes tight
Qatar Telecom raised $1.25bn from a six year tap and a new 15 year bond on Wednesday, its second deal in as many weeks, as demand for Qatari paper shows no signs of slowing. And with many US and European investors no longer seeing the country as an emerging market, the bookrunners said that investment grade accounts bought into the deal.
Qtel, 68% government-owned and rated A2/A/A+, had printed a $1.5bn bond last week split between a $500m six year tranche and $1bn long 10 year piece that raised $15bn of orders.
This week the borrower opted to tap the six year tranche and increase it to a
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