New Issue-CBQ Finance sells $1.6 bln in two parts

Wed Nov 11, 2009 8:04pm GMT
[-] Text [+]
  Nov 11 (Reuters) - CBQ Finance Limited, a unit of The
Commercial Bank of Qatar COMB.QA, late Tuesday sold $1.6
billion in two parts in the 144a private placement market, said
IFR, a Thomson Reuters service.
  Credit Suisse and Morgan Stanley were the joint
bookrunning managers for the sale.
BORROWER: CBQ FINANCE LIMITED
FIRST TRANCHE:
AMT $1 BLN       COUPON 5.00 PCT     MATURITY 11/18/2014
TYPE SR UNSC     ISS PRICE 99.455    FIRST PAY 5/18/2010
MOODY'S A1       YIELD N/A           SETTLEMENT 11/18/2009
S&P A-MINUS      SPREAD 283 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $600 MLN      COUPON 7.50 PCT     MATURITY 11/18/2019
TYPE LT2 SUB      ISS PRICE 99.184    FIRST PAY 5/18/2010
MOODY'S A2        YIELD N/A           SETTLEMENT 11/18/2009
S&P BBB-PLUS      SPREAD 414 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE       


 
 
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