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.
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. The strong sale indicated substantial demand from international investors despite the boycott that was imposed after Qatar was accused of supporting terrorism.