Qatar Is Said to Seek $4 Billion Loan for Typhoon Fighter Jets - Bloomberg

Qatar Is Said to Seek $4 Billion Loan for Typhoon Fighter Jets - Bloomberg:

Qatar is seeking to raise more than $4 billion from banks to finance the purchase of Eurofighter Typhoon combat jets, according to people with knowledge of the matter.

The government is working with financial advisers on the deal that will be backed by export credit agencies, the people said, asking not to be identified because the talks are private. Qatar has invited lenders to participate in the loan and a transaction could be finalized within a month, they said.

The gas-rich Gulf state is also holding talks with banks and credit export agencies from Italy, France and the U.K. to raise billions of dollars in loans for other defense deals, two other people said. A Qatari government official said the Typhoons “will advance Qatar’s strategic efforts towards stability” but that the “method and mechanism of payment has not been decided yet.”