9 Hrs
Source:
الشرق
Qatar launches 3 billion USD bonds
Qatar announced its successful issuance of sovereign bonds worth 3 billion US dollars, denominated in US dollars, divided into two tranches with maturities of 5 and 10 years. The issuance received strong demand from investors across Asia, Europe, the Middle East, and the United States, with subscription requests peaking at 7.7 billion dollars and a cover ratio of 2.5 times. The two tranches were priced at a spread of 55 and 65 basis points over US Treasury yields, with the margin reduced by 30 basis points due to the strong demand. This issuance reflects Qatar’s attractiveness as a high-credit-rated country and affirms the global confidence in its financial stability, economic position, and medium-term growth prospects.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)