| State of Qatar sovereign bond |
| Size: $7 billion |
| Date: November 17 2009 |
| Lead managers: Barclays, Credit Suisse, Goldman Sachs, JPMorgan, Qatar National Bank |
| Launch spread: 185bp (5 years), 195bp (10 years), 214bp (30 years) over US treasuries |
| Coupon: 4% (5 years), 5.25% (10 years), 6.4% (30 years) |
| Tenor: 5 years ($3.5 billion), 10 years ($2.5 billion), 30 years ($1 billion) | |
When Qatar tapped the market for a $3 billion dual-tranche bond at the beginning of April it gave impetus to a splurge of bond issuance from the oil-rich Arabian peninsula. It also laid the foundations for Qatar’s own bigger bond in November.
The state’s roadshow in the spring marketed Qatar’s hydrocarbon wealth, and highlighted how the issuer was different to...
