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FX.co ★ Qatar set to raise $9 billion in bonds sale

Qatar set to raise $9 billion in bonds sale

Qatar set to raise $9 billion in bonds sale

According to Bloomberg, Qatar is planning to raise at least $9 billion in the international bonds market.


According to the government’s officials, they are negotiating the best time for the possible bonds sale with banks.


Investors from Asia, the US and Europe are said to be showing interest in the government debt.

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On June 5, 2017, the Middle Eastern countries, including Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, suspended diplomatic relations with Qatar, accusing the country of financing terrorism.


Experts note that this will lead to slowing of Qatar's GDP growth to its lowest level since 1995.


According to Moody's estimates, Qatar spent almost $ 40 billion to support the economy and financial system during the first two months of the conflict with its neighbors.

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