Middle East Economic Survey


No 12



Qafco 5 Poised To Approach Bond Market, Banks

Qatar Fertilizer Company (Qafco) is poised to approach the bond market and banks for financing for its Qafco 5 expansion. It is looking for $1.2bn, with pricing expected to determine the allocation of debt between bank and bond tranches, as seen in some of the recent Qatari financings, such as RasGas 2/3 and Qatar Gas Transport Company (Nakilat). Bookrunners on the bond are Lehman Brothers and...