Saudi Arabia Is Said to Start Bond Sale as Qatar Meets Investors - Bloomberg

Saudi Arabia Is Said to Start Bond Sale as Qatar Meets Investors - Bloomberg:

"Saudi Arabia will probably beat Qatar, its neighbor and political rival, to the international debt market with a three-part dollar bond sale as it seeks to fund its budget deficit. “It is a clever move on part of Saudi Arabia to come before Qatar,” said Hakki Kalsen, a portfolio manager for emerging-market debt at Union Investment Privatfonds in Frankfurt. “They would have had to pay more if they issued after Qatar.” The kingdom is raising the funds as Crown Prince Mohammed bin Salman visits France after a three-week tour of the U.S. But it also comes as Qatar, which is being boycotted by the kingdom and other Gulf states, meets investors in the U.S. and U.K. ahead of a possible bond sale."



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