Financial and Banking News
Bonds Issued For Qatargas
Contract Bonding of $178mn was issued on 14 July for the $1,395mn Qatargasengineering, procurement and construction contract awarded to Chiyoda. QatarNational Bank (QNB) provided the whole amount, but has received indemnities fromfour other local banks for 20% of the total. The financing package for theproject will be put in place later this year.
Funding for other major projects in Qatar will come...