Mega Bond Deals Flood Emerging Markets Before Next Fed Move
- Saudi Arabia may sell up to $15 billion in bonds, people say
- Qatar’s record $9 billion sale draws bids of $20 billion
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Suddenly, it’s a year of mega bond deals in emerging markets.
Argentina drew $65 billion in bids for its $16.5 billion offering in April, and now borrowers in the Middle East are stepping up. Abu Dhabi returned to the international capital markets with a $5 billion placement, followed by a record $9 billion sale by Qatar. Saudi Arabia is looking to sell as much as $15 billion of bonds in a debut offering, people with knowledge of the matter said.