Qatar National Bank's announcement on Thursday that it had picked five banks to arrange a series of fixed income investor meetings could signal the start of a series of global bond issues by Qatari companies.
Gulf issuance of bonds totals nearly $3 billion so far this year, with Abu Dhabi's Dolphin Energy the last borrower to tap the market, issuing a $1 billion 10-year conventional bond earlier this week. Order books for the paper were reportedly over $9 billion.
Dubai companies have been active issuers of sukuk; three of the four Islamic bond sales this year have been from Dubai issuers. The sukuk have been relatively small in size but have also attracted considerable demand.
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