Qatar’s Ooredoo mandates banks for US dollar bond issue

Qatari telecommunications operator Ooredoo said on Monday that a subsidiary had picked banks to arrange a US dollar bond issue under its $5bn global medium-term notes programme.

Ooredoo International Finance mandated Australia and New Zealand Banking Group, Citigroup, DBS Bank, HSBC, Bank of America Merrill Lynch, Mitsubishi UFJ Securities International, Mizuho Securities USA and QNB Capital to act as joint lead managers and bookrunners for the issue.

The bond is expected to be launched following investor roadshows which were to start on June 10 in the United States, Asia, the Middle East and Europe, Ooredoo said, adding that the size of the issue would be decided later.