The Gulf Arab state of Qatar is planning to issue Islamic bonds, or sukuk, for the first time in nearly a decade, as it seeks to take advantage of global demand for safe havens and sharia-compliant assets amid market uncertainty.
Qatar has mandated banks for investor meetings in Kuala Lumpur and Singapore starting on July 9, arranging banks said on Thursday, and a dollar-denominated sukuk issue may follow subject to market conditions.
The world's top liquefied natural gas (LNG) exporter last tapped debt markets with a $5 billion conventional multi-tranche deal in November, but it has not issued a sukuk since 2003.
No comments:
Post a Comment