Qtel syndication takes off, three tickets on offer

Qatar Telecom launched junior syndication of a $2bn revolver on Friday but the tight pricing will shut out many small regional banks, said bankers, who instead tipped it to be popular with Asian lenders.

  • 26 Apr 2010
The borrower offered retail lenders three ticket levels on Friday. The deal was already oversubscribed at the senior level but few of the banks involved at the top level think many smaller Middle Eastern lenders will participate in the general syndication, as many still have high borrowing costs ...

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