QP’s multi-tranche bond offer raises $12.5bn

Qatar Petroleum announced it has raised $12.5bn in a multitranche 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 duallisted 30-year Formosa tranche.