VOL. XLIII

No. 27

3-July-2000

QATAR

Qatar Launches Second Sovereign Bond Worth $1.4Bn

Qatar made its second foray into the international bond market on 22 June with the launch of a $1.4bn sovereign bond carrying a coupon of 9.75% and a spread of 385bps over US treasuries. The bond will mature on 15 June 2030. The issue was lead managed by Goldman Sachs and Morgan Stanley Dean Witter, who were mandated in May but chose not to go to market until conditions were suitably favorable.

Ratings agency...