The Missing Guest at the Bond Banquet - Bloomberg Gadfly

The Missing Guest at the Bond Banquet - Bloomberg Gadfly:

"There's one notable absence from the government bond sale bonanza in the Middle East. Saudi Arabia and Abu Dhabi have propelled 2017's offerings in the region past last year's total of $79 billion. But of Qatar, nary a mention.The country, which raised $9 billion from investors in May 2016, would seem an obvious borrower -- were it not for the tensions with its Gulf neighbours, and its protestations that it doesn't need the money.Discount the latter argument. For all its hydrocarbon riches, Qatar has an expensive spending habit. Funding the growing budget deficit from asset sales won't quite plug the gap that a bond offering could fill -- especially with $10 billion of redemptions looming over the next two years."



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