Qatar has sold $12bn in bonds after attracting orders of around $50bn, even though demand was weak from other Arab nations due to their boycott of the country. The $12bn bond was split into three tranches of five, 10 and 30 years. International banks with significant business ties to Saudi Arabia have been treading cautiously since the Qatar boycott started in 2017, sidestepping public Qatari deals. In a sign that investors are concerned about Qatar's finances, Saudi Arabia said it would not buy any more Qatari debt.
Qatar has sold $12bn in bonds after attracting orders of around $50bn, even though demand was weak from other Arab nations due to their boycott of the country. The $12bn bond was split into three tranches of five, 10 and 30 years. In a sign that investors are concerned about Qatar's finances, Saudi Arabia said it would not buy any more Qatari debt.