Qtel to close and increase to $2bn
Arrangers are set to close the books on Qatar Telecom’s forward start on Friday, after the deal proved to be a runaway success in general syndication despite a five month delay in coming to market. The borrower has raised over $3bn in commitments, but will be taking no more than its $2bn target, allowing for hefty scalebacks.
“The only worry left now will be to sort out allocations after the response was so strong,” said one banker close to the deal.
The loan was launched at $1.65bn, after signing at $1.5bn after a senior phase but reaping a few extra commitments before general syndication. It
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.