Qatar Sells $3 Billion of Bonds After Signaling Budget Gap
- The country priced dollar notes maturing in three and 10 years
- Qatar has had twin surpluses, but a 2025 shortfall is expected
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Qatar sold $3 billion of dollar bonds Thursday, banking on its reputation as one of the safest emerging-market credits to help plug a budget gap caused in part by falling oil and gas prices.
The sovereign priced $1 billion of three-year senior unsecured notes and $2 billion of 10-year bonds, according to a person familiar with the matter who asked not to be identified.