Qatar asks banks for proposals on first dollar bond issue

Qatar has sent out a request for proposals to banks to arrange an international bond issue, which would be the country’s first appearance in the international debt markets since the beginning of a diplomatic crisis in the Gulf last year.

A spokesman for the government did not immediately respond to a request for comment.

Governments in the Gulf have been borrowing huge amounts of money internationally over the past few years to refill their coffers, hit by a slump in oil prices.

Qatar’s request for proposal (RFP) comes just after Saudi Arabia’s RFP, sent out to banks last week, for the refinancing of an outstanding $10 billion syndicated loan and for further US dollar-denominated bond sales. Reuters

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