Robust appetite for Qatari paper has led a wide spectrum of the country's companies to tap debt markets recently, with a slew of further issuances expected in coming months, bankers said on Thursday.
The Gulf state has seen a flurry of new issues in recent months as companies seized strong international demand for Qatari debt, with many issues substantially oversubscribed.
Qatar Telecommunications Co QTEL.QA launched a $1.5 billion bond sale in October which drew subscriptions exceeding $15 billion. The demand led the company to tap a further $1.25 billion dual-tranche bond days later. Qatar National Bank's QNB.QA five year, $1.5 billion offering was nearly four times oversubscribed earlier this week."
No comments:
Post a Comment