Qatar’s $12bn bond deal tops that of rival Saudi Arabia:
"The diplomatic crisis between Gulf states spilled into financial markets this week, as Qatar overcame a surprise debt issue from rival Saudi Arabia to set a record for the largest emerging market bond sale of the year. Qatar returned on Thursday to the international bond market for the first time since 2016, as it raised $12bn in a sale that attracted $53bn of orders, according to people involved in the deal. That came despite Saudi Arabia just days earlier borrowing $11bn in a quick-fire sale that drew $52bn of orders, and was seen by some as an attempt to soak up demand that would otherwise go to Qatar."
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