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FINANCIAL NEWS
Qatar aims to raise USD 5bn bond
22 May 2016
(MENAFN) Qatar is planning to raise USD 5bn in sovereign bonds, as the country moves to the debt markets for the first time among five years.
Moreover, the country organized meetings with investors in Asia, Europe and the US and hired 10 banks to sell the loan.
Additionally, the country projected a USD 12.8bn deficit this recent year, while it would bridge an economic shortage by selling local and global debt.
Moody’s approved Qatar’s third-highest investment-grade rating, which will grow at an average of 3.6 percent from this year to 2020.
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