Berangkat Tiba Di UK Bagi Menghadiri CHOGM           >>           Kebawah DYMM Berangkat Hadiri CHOGM           >>           Hampir 50 Juta Tangkapan Dan Pemprosesan Menjelang 2022           >>           Kilang Memprosesan Tuna, Syarikat Yamako Pacific Dirasmikan           >>           Negara Perlukan Kepimpinan Berkualiti           >>           Kementerian Kewangan Semarak Sambutan Israk Mikraj           >>           Anugerah Perniagaan LiveWIRE Brunei Kali Ke-11           >>           Ubd Kelola Ceramah Khas Sempena Israk Mikraj           >>           Hari Terbuka C3L, UBD, 21 - 22 April           >>           CIBFM Adakan Seminar           >>          














+673 222-0178 [Office Hour]

+673 223-6740 [Fax]


Upcoming Events

Prayer Times

The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


: 04:43AM


: 04:53AM


: 06:12AM


: 06:35AM


: 12:21PM


: 03:32PM


: 06:27PM


: 07:37PM


The Business Directory



World Business

  Home > World Business

Qatar To Target First Quarter For $9 Billion Bond Sale

Skyscrapers stand on the city skyline in Doha, Qatar. Photographer: Gabriela Maj


 January 12th, 2018  |  09:36 AM  |   1157 views



Qatar is planning to tap the debt market in the first quarter for about $9 billion to finance its budget deficit, people familiar with the matter said.


Government officials are in talks with a number of international banks about the sale, the people said, asking not to be identified because the talks are private. The bond is likely to be in line with or more than Qatar’s last issuance of $9 billion in 2016, some of the people said. A final decision hasn’t been made and the talks may not result in a sale, the people said.


Qatar, whose debt carries the fourth-highest investment grade at S&P Global Ratings, expects its budget deficit to shrink this year as the economy absorbs the impact of a Saudi-led boycott. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic relations and closed transport routes with the country in June, accusing it of funding terrorism, a charge it denies.


Qatar’s government communications office didn’t immediately respond to requests for comment. A spokesman for Qatar National Bank, the biggest bank in the Middle East by assets, said it “is expected to be part of any sovereign deal.”


Oil-exporting countries across the Gulf Cooperation Council region are tapping debt markets to bolster public finances after crude prices slumped. Saudi Arabia’s issuance led regional sales last year, raising $21.5 billion, followed by Abu Dhabi’s $10 billion offering and Kuwait’s $8 billion issue, according to data compiled by Bloomberg.


Saudi Arabia and Abu Dhabi are also in discussions with banks to sell bonds in international capital markets during the first quarter of 2018, people familiar with the matter said on Thursday. Oman this week raised $6.5 billion from a bond offering as the Middle East’s biggest non-OPEC producer seeks to bridge a budget deficit.



courtesy of BLOOMBERG

by Archana Narayanan , Mohammed Sergie , and Dinesh Nair


If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at pr@brudirect.com


Related News

Sabah Fortunate In Najib Era – Musa

 2018-04-19 09:26:18

Trump 'Will Walk Out' If North Korea Talks Not Fruitful

 2018-04-19 11:40:59

Hong Kong's $6.5 Billion Intervention Mops Up 30 Percent Of Cash

 2018-04-19 12:02:08