Qatar planning to raise $9 bln from bond sale: report

Qatar is looking at a possibility to raise at least $9 billion from international bond markets, Bloomberg reported, citing unnamed people familiar with the matter.

Government officials are in talks with banks to decide the best time for a possible sale, the people said. The bond is likely to be in line with or exceeding Qatar’s last issuance of $9 billion in 2016, they added.

Qatar, which is facing trade and diplomatic boycott from its Arab neighbors, will aim to attract investors in Asia, the US and Europe to bridge any gap due to a shortfall of regional investors.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic and transport links with Qatar in June, accusing it of supporting terrorism.