Qatar Petroleum raises $12.5 billion via a multi-tranche bond offering
The Peninsula
Doha: Qatar Petroleum announced it has raised $12.5 billion in a multi-tranche bond offering, marking a significant achievement for an oil and gas company in the international financial and capital markets. The proceeds from the bond offering will be used to support Qatar Petroleum’s ambitious growth plans, particularly the North Field expansion projects over the coming few years.
The RegS/144A bond offering (sales to investors outside the United States in offshore transactions) consists of 5-, 10- and 20-year conventional tranches, and a dual-listed 30-year Formosa tranche. Strong interest and favorable market conditions together with its outstanding credit ratings, allowed Qatar Petroleum to achieve the following positive outcome: − 5-year $1.5 billion at UST+50bps (Coupon: 1.375%)More Related News