Qatar to Target First Quarter for $9 Billion Bond Sale - Bloomberg

Qatar to Target First Quarter for $9 Billion Bond Sale - Bloomberg:

"Qatar is planning to tap the debt market in the first quarter for about $9 billion to finance its budget deficit, people familiar with the matter said.

Government officials are in talks with a number of international banks about the sale, the people said, asking not to be identified because the talks are private. The bond is likely to be in line with or more than Qatar’s last issuance of $9 billion in 2016, some of the people said. A final decision hasn’t been made and the talks may not result in a sale, the people said.

Qatar, whose debt carries the fourth-highest investment grade at S&P Global Ratings, expects its budget deficit to shrink this year as the economy absorbs the impact of a Saudi-led boycott. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic relations and closed transport routes with the country in June, accusing it of funding terrorism, a charge it denies."



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