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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Qatar sells $ 12 billion worth of bonds

    Rocky
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    • Post n°1

    Qatar sells $ 12 billion worth of bonds Empty Qatar sells $ 12 billion worth of bonds

    Post by Rocky Wed 06 Mar 2019, 2:13 pm

    Qatar sells $ 12 billion worth of bonds

    Qatar sells $ 12 billion worth of bonds 808


    Qatar on Wednesday sold $ 12 billion worth of bonds, after demand reached about $ 50 billion, in the largest bond issue around the world since the bonds it sold last year and in the latest indicator of how the Gulf country is overcoming a boycott imposed by four other Arab countries .
    The value of the bonds, sold in three tranches - five, 10 and 30 years - is much larger than the $ 7.5 billion of bonds sold by Saudi Arabia in January that attracted a $ 27 billion demand.
    A bond issued by one of the banks leading the deal showed that the five-year bond yield was 90 basis points above US Treasuries, while the 10-year, $ 4 billion, thirty-year, $ 6 billion dividend yield was 135 basis points and 175 basis points Respectively for their standard counterparts.
    Indicative prices had earlier indicated a 20 basis point higher yield for five-year and 25-basis-point bonds for the 10-year and 30-year notes.
    The deal is the first Qatari test for international investors after the boycott imposed by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt. The four countries severed diplomatic ties and lines of transportation with Qatar in June 2017, accusing them of supporting terrorism, which Doha denies.
     
    Qatar has largely overcome the economic impact of the boycott, partly due to high energy prices.

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