Monday 9 April 2018

Qatar's Got Enough Bond Friends to Shrug off Sanctions - Bloomberg

Qatar's Got Enough Bond Friends to Shrug off Sanctions - Bloomberg:

"The rumblings that Qatar would return to international bond markets after a hiatus of nearly two years have been going on for some time, and as Gadfly noted in October, the nation was conspicuous by its absence from a debt sale bonanza in the region.

But now, it's finally here, with a three-day roadshow starting Monday in the U.S. and U.K. It will probably issue about $9 billion in five, 10 and 30-year tranches, as it did in May 2016.

In the interim, world events have not gone its way. The sanctions Gulf Cooperation Council members placed on Qatar have continued to bite. The volatile start to the year has kept fixed income from being an easy ride. It would appear that the tiny nation has missed the boat."



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