Qatar Seeks Return to Debt Market With Bond Meetings This Week - Bloomberg

Qatar Seeks Return to Debt Market With Bond Meetings This Week - Bloomberg:

"Qatar will start investor meetings from Monday as the country, boycotted by some of its Arab neighbors, plans its first dollar-denominated bond sale in more than two years. Officials will meet investors in the U.S. and U.K. this week and the government is working with Credit Suisse Group AG and Deutsche Bank AG on the offering that could include five-, 10- and 30- year notes, according to people familiar with the matter. Al Khaliji France SA, Barclays Plc, Credit Agricole CIB, Mizuho Securities Co., QNB Capital and Standard Chartered Plc are also involved, they said. Qatar last sold bonds internationally in 2016 when it raised $9 billion. Officials met fixed-income investors in Asia last month to test the appetite for a potential bond, people said at the time. 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 the boycott. The state has a $1 billion bond maturing in 2019, according to data compiled by Bloomberg."



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