Qatar has successfully issued its first dollar-denominated bond sale after a two-year pause, the finance ministry said on Sunday.
On Thursday 12 April, the world’s richest country per capita raised $12 billion, marking the biggest Eurobond issue from an emerging-market nation since the beginning of 2018.
The GCC nation’s triple-tranche dollar bond issuance received total book orders amounted to more than $52 billion, which reflected the country’s financial stability, the ministry said in a statement.
Last Thursday, Qatar offered 5-, 10- and 30-year debt notes, according to the statement.
Qatar sold $3 billion of five-year notes at a yield of 135 basis points over similar-maturity US Treasuries, sources familiar with the matter said.
The Arab nation also issues $3 billion of 10-year bonds at a spread of 170 basis points and $6 billion of 30-year securities at 205 basis points, they said.
Qatar’s bond sale attracted European, Asian, US, the Middle East and North Africa’s fund managers.
Qatar’s economic growth is expected to rise 2.8% this year, while its LNG output is to grow to 100 million tonnes per year by 2023.