Qatar can easily raise $9 billion through bonds in 2018: QFC CEO

 05 Dec 2017 - 12:52

Qatar can easily raise $9 billion through bonds in 2018: QFC CEO
Yousef Al Jaida, chief executive of the Qatar Financial Centre

Reuters

DOHA: Qatar's government will comfortably be able to raise $9 billion through international bond issuance next year, Yousef Al Jaida, chief executive of the Qatar Financial Centre (QFC), said on Tuesday.

Speaking at an international business conference, Al Jaida said the cost of Qatari bond issues might rise next year but that would depend on where the bonds were sold. He noted that Asian funds were showing increasing interest in Qatari debt.

The QFC, with its own legal, regulatory, tax and business infrastructure, licenses foreign companies to exempt them from the Gulf state's local ownership laws.