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Qatar Petroleum Plans $10 Billion Bond Sale for Gas Expansion

  • Company may sell between $7 billion and $10 billion of debt
  • Funds would go toward Qatar’s $29 billion North Field project
Qatar Petroleum (QP)in Umm Said, Qatar. 

Qatar Petroleum (QP)in Umm Said, Qatar. 

Photographer: Nadine Rupp/Getty Images

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Qatar Petroleum plans to issue up to $10 billion of bonds as soon as this quarter to fund a massive natural-gas project, according to a person with knowledge of the matter.

The state producer is inviting banks to arrange what would be its first dollar bonds, the person said, asking not to be identified because the information is private. The company is seeking between $7 billion and $10 billion of five, 10- and 30-year notes, the person said. That would make it one of the largest corporate deals this year and one of the biggest of any kind from emerging markets.