Qatar's $12 Billion Bond Tops Saudi Debt Sale to Lead EM
- Order books topped $53 billion for the three-part sale
- Qatar returns to dollar bonds after 2016, first since standoff
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Qatar raised $12 billion in its first dollar bond sale in two years, surpassing its estranged neighbor Saudi Arabia to issue the biggest dollar bond from an emerging-market nation this year.
The world’s biggest liquefied natural gas exporter sold $3 billion of five-year notes, priced to yield 135 basis over similar-maturity U.S. Treasuries, according to two people familiar with the matter, declining to be identified because the information is private. It also placed $3 billion of 10-year bonds at a spread of 170 basis points and $6 billion of 30-year securities at 205 basis points, the people said.