The
bond sale will comprise conventional tranches of five, 10 and 20
years, as well a 30-year Formosa portion, the document from one
of the banks on the deal and reviewed by Reuters showed.
Formosa bonds are sold in Taiwan by foreign borrowers and
denominated in currencies other than the Taiwanese dollar.
The document did not give any indication on the size of the deal
but sources have previously told Reuters the planned debt sale
could raise up to $10 billion.
Qatar Petroleum (QP), one of the world's top liquefied natural
gas (LNG) suppliers, hired Citi and JPMorgan to coordinate the
issue.
They, along with BofA Securities, Deutsche Bank, Goldman Sachs,
HSBC, MUFG, QNB Capital and Credit Suisse, will arrange investor
calls starting on Monday.
QP's fundraising comes as energy companies in the region seek
different means to raise cash after they were hurt last year by
the double shock of the COVID-19 pandemic and oil prices
collapsing.
QP signed a contract in February for the first phase of its
North Field LNG expansion project, which aims to boost Qatar's
LNG output by 40% a year by 2026.
(Reporting by Yousef Saba Editing by Kim Coghill and Mark
Potter)
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