Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

QATAR

Qatargas 3 Bank Oversubscription Rules Out Bond Participation

The oversubscription by banks to the Qatargas 3 financing has ruled out bond participation in the transaction at this stage, MEES learns. Following in the footsteps of RasGas 2/3, Qatargas 3 had expected to issue bonds (MEES, 5 September), but the huge interest from banks, with commitments of $1bn beyond the total $2.8bn Qatargas 3 debt requirement, meant that tapping...