Thursday 12 April 2018

Qatar Starts Dollar Bond Sale Days After Saudi Arabia - Bloomberg

Qatar Starts Dollar Bond Sale Days After Saudi Arabia - Bloomberg:

"Qatar is selling its first dollar bonds in two years just as the region’s security risk rises with the prospect of a U.S. strike in Syria.

The world’s biggest exporter of liquefied natural gas is offering a three-part bond sale, less than 48 hours after Saudi Arabia raised $11 billion in the largest offering by an emerging-market sovereign this year. Global books are open and the deal is expected to be completed today.

The sale comes after U.S. President Donald Trump’s tweets on Wednesday raised speculation that a strike against Syria is imminent, adding to a risk-off sentiment that had already sent the average yield on emerging-market debt near the highest level in 16 months, according to the Bloomberg Barclays Emerging Markets Hard Currency Aggregate Index."



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