Qatar Stuns Mideast Debt Market With Record $9 Billion Bond
- Mideast’s biggest ever issue will reprice region: Mashreq
- Deal follows Abu Dhabi’s $5 billion offering last month
Qatar Raises $9B in Bond Sale
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Qatar’s unprecedented $9 billion Eurobond sale has pressed the re-set button for the Gulf region’s debt market.
The country sold $9 billion of bonds in three maturities on Wednesday, almost double the amount expected by analysts. The issue helped push 2016 offerings from the Middle East and North Africa, which includes Saudi Arabia and the United Arab Emirates, to $29.3 billion, already a record for the first half of a year, according to data compiled by Bloomberg.