gulfnews : Qatar debt priced at world’s lowest sovereign

Qatar, the world’s biggest exporter of liquefied natural gas, will pay less for $4 billion (Dh14.7 billion) than any other sovereign issuing Islamic bonds.
The government priced five-year sukuk to yield 115 basis points more than the benchmark midswap rate, or about 2 per cent, two people familiar with the transaction said on Wednesday.
The 10-year notes were sold at 155 basis points over midswaps, or about 3.2 per cent, they said. That’s below the 3.56 per cent average yield of 12 constituents in the HSBC/Nasdaq Dubai Sovereign US Dollar Sukuk Index.

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