Tuesday 17 April 2018

Exclusive: Japan's Mizuho pulled out of Qatar bond amid Gulf dispute

Exclusive: Japan's Mizuho pulled out of Qatar bond amid Gulf dispute:

"Japan’s Mizuho Securities withdrew from its role as a bookrunner for a U.S. dollar-denominated bond issued by Qatar last week, in the latest sign international banks are wary of doing business in the Gulf state amid a regional dispute.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt in June cut diplomatic and transport ties with Qatar, which they accuse of backing terrorism. Qatar denies this, and says the pressure is aimed at stripping it of its sovereignty.

Qatar issued $12 billion of bonds last week, its first international debt sale since the dispute erupted. "



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