UPDATE 3-Qatar gets over $35 bln in orders as it markets jumbo bond | Reuters:
Qatar started marketing on Wednesday a U.S. dollar-denominated bond issue that so far attracted over $35 billion in demand, the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.
The debt sale, split into tranches of five, 10 and 30 years, will end later on Wednesday, according to a document issued by one of the banks leading the deal and seen by Reuters.
“I can imagine that they might issue between $7.5 and $12.5 billion. I think they will decide on how the books will develop. If there is heavy over-subscription like it was in April last year, then a larger deal will be likely,” said Sergey Dergachev, senior portfolio manager at Germany-based Union Investment.
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