Qatar began marketing U.S. dollar-denominated bonds, the first Persian Gulf state to tap the debt markets since the twin headwinds of a coronavirus pandemic oil-price collapse
Qatar sold $10 billion in U.S. dollar-denominated bonds on Tuesday, the first Persian Gulf state to tap the debt markets since the headwinds of the coronavirus pandemic and a collapse in oil prices tightened budgets across the region.
The sale, a test of demand among investors for further bonds from other oil-exporting Gulf countries, came after Saudi Arabia last month launched an oil-price war with Russia, causing a collapse in prices and driving up the cost of borrowing.
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