Following its foray in the international debt market earlier this year to raise a syndicated loan of $5.5bn in January and issue bonds worth $9bn in May, Qatar is turning to the domestic market to raise additional funding to plug its fiscal deficit, with Brent showing little sign of breaking the $50/B barrier.

The Central Bank of Qatar (CBQ) announced on 20 September that it has issued QR1.975bn ($543mn) of government bonds: QR450mn of three-year debt at 2.25%; QR775mn of five-year debt at...