Thursday, 12 October 2017

MIDEAST DEBT-Qataris hold non-deal bond roadshows as rift drags on -sources

MIDEAST DEBT-Qataris hold non-deal bond roadshows as rift drags on -sources:

"Qatari banks have met investors in Europe and Asia over the past few weeks to gauge their interest in potential U.S. dollar bond issues, as a diplomatic crisis in the region pressures their finances, sources familiar with the matter said.

Feedback was positive, but while international investors are ready to buy Qatari banks’ paper, they have also made clear that issuers would have to pay premiums in order to attract sufficient demand.

Access to international debt markets, a crucial source of funding for Qatar’s banking sector since oil prices dropped three years ago, has become trickier since the crisis erupted in early June as investors fear its impact on lenders’ liquidity. Those worries have partly eased as a result of the meetings, said the sources."



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