Monday 10 December 2018

#Qatar considers selling dollar bonds for benchmark purposes only | Reuters

Qatar considers selling dollar bonds for benchmark purposes only | Reuters:

Qatar does not need to raise debt through international bonds next year because its budget forecasts an economic surplus, but it might issue dollar debt to provide a pricing benchmark to government-related entities that plan to sell bonds, a finance ministry official said.

Qatar raised $12 billion in a jumbo bond issue in April, one of the largest debt placements by an emerging-market sovereign this year, marking a successful comeback to international debt markets despite a rift with its Gulf neighbours.

Doha has been locked in a diplomatic dispute with Saudi Arabia, the United Arab Emirates, Egypt and Bahrain since June of last year. They all severed diplomatic and transport ties with Qatar, accusing it of supporting terrorism, a charge Doha denies.

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