| From Zawya Dow Jones: Qatar Telecom or Qtel, the Gulf Arab state's incumbent telecom, is likely to raise $1.5 billion from a dual-tranche bond issue, a banker familiar with the deal said Wednesday. Qatar Islamic Bank, Qatar's largest Shariah-compliant lender, last week placed a $750 million, five-year Islamic bond, with investor demand reaching nearly $6 billion.
Final price guidance has been set at 235 basis points over five-year treasuries for the $500 million, six-year tranche and at 245 basis points over 10-year treasuries for the $1 billion, 10-year tranche, the banker told Zawya Dow Jones..............................................Full Article: Source
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