Wednesday 11 November 2009

Qatar to issue second sovereign bond

Qatar is set to return to the credit markets with another bumper sovereign bond as the gas exporter seeks to raise more funds amid optimism about its fast-growing economy.

Bankers say the bond issue could target as much as $5bn, depending on demand, with initial soundings of interest proving “very positive” before a roadshow over the next week or so.

The finance ministry has appointed five banks – Qatar National Bank, Barclays, Credit Suisse, Goldman Sachs and JPMorgan – to run the issue, another indication of the region’s increasing appetite for capital markets fundraising.

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