UPDATE 4-Qatar sells $10 bln bonds as it postpones project spending - Reuters:
Qatar sold $10 billion in bonds in tranches of 5, 10, and 30 years on Tuesday, the first Gulf state to raise cash in the debt markets against a backdrop of low oil prices and market uncertainty caused by the coronavirus pandemic.
The deal received over $44 billion in demand, two sources said, in a sign of strong investor appetite despite a plunge in crude prices that pushed up borrowing costs for governments of the oil-producing region.
A Dubai-based fund manager said that the deal was “successful” given its size.
“They had to probably pay up relative to a normal environment, but you have to expect something like that in these current circumstances,” the manager said.
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