Qatar’s bond appetite intact with $12 billion return to market
Qatar's appetite for jumbo bond deals seems insatiable, with the gas-rich nation raising $24 billion in less than a year.
The Gulf state sold $12 billion of bonds after attracting around $50 billion in demand as it took advantage of a pause in U.S. interest-rate increases that has sent investors flocking to emerging-market debt this year.
In the process, the country eclipsed its neighbor and rival Saudi Arabia which sold $7.5 billion of international bonds in January. Qatar, whose debt carries the fourth-highest investment grade of AA- at S&P Global Ratings, also raised $12 billion in April, days after the kingdom sold $11 billion of bonds.--bloomberg
Source: National News Agency