VOL. XLI

No. 24

15-June-1998

QATAR

Parliament Approves Qatari Sovereign Bond Issue

The Majlis al-Shura approved a proposed debut sovereign bond issue by Qatar on 8 June,according to local newspapers. The idea for a $200mn sovereign issue, rather than asyndicated loan, and a $300mn project-linked offering was first mooted in March (MEES,9 March). A host of investment banks have been linked to the offer including Credit SuisseFirst Boston, JP Morgan and Societe Generale, but no decision on the...