VOL.XXXIXNo. 6416-December-1996QATAR

RasLaffan LNG Bond Issue High levels of demand in New York have caused thebond issue on behalf of Qatari Ras Laffan LNGCompany to be tripled in value from an initial $400mn to$1.2bn. Initially the bonds were to be sold in two tranches, one of $250mn due in 2013 and one of $150mn due in2006. The large of the two tranches was raised to $800mn and waspriced at 8.294% to yield 187.5 basis points (bps) over USTreasuries, while the smaller was raised to $400mn...