Skip to content Skip to Search
Skip navigation

Qatar to launch its first bond issuance in four years

A trader at the Qatar Stock Exchange. The Gulf nation has not issued any Eurobonds since early 2020 Noushad Thekkayil/NurPhoto via Reuters
A trader at the Qatar Stock Exchange. The Gulf nation has not issued any Eurobonds since early 2020

Qatar will sell its first green bond soon and the first external debt issuance in four years, the country’s finance minister has said.

“We’re ready to do it very soon,” Ali Al-Kuwari told Bloomberg Television at the World Economic Forum in Davos.

“We are not hungry for money but it will be mainly to send a strong statement” about the need to counter climate change, he added.

Qatar recently finalised the green finance framework to ensure compliance with the criteria for issuing green bonds, aiming to mitigate carbon emissions.

Qatar, the world’s biggest producer of liquefied natural gas, has refrained from issuing Eurobonds since early 2020, when it placed $10 billion in five-, 10-, and 30-year debt instruments.

In a recent report, Fitch Ratings predicted that the global value of the sukuk market would surpass $1 trillion in the medium term, reaching $850 billion at the end of 2023 despite “geopolitical triggers”.

S&P Global Ratings forecast issuance of $170 billion in 2023.

Higher financing needs in some core Islamic finance markets will drive demand, according to S&P, with global liquidity conditions potentially easing.

Latest articles

Dubai South Aldar logistics warehouse

Dubai South and Aldar to work together

The state developer Dubai South and the Abu Dhabi-listed Aldar Properties will jointly develop facilities in Dubai South’s logistics district. The new joint venture will offer build-to-lease and build-to-suit facilities. Aldar will lead the design, development and delivery of the new facilities, starting with a Grade A logistics facility with 24,000sq m of gross floor […]

WTO director general Ngozi Okonjo-Iweala said Iraq and Lebanon both want to resume talks and the organisation will 'try to go as fast as possible'

Iraq and Lebanon face long wait to join WTO

Iraq and Lebanon have indicated a desire to resume talks aimed at joining the World Trade Organization (WTO), but history suggests the two could be in for a long wait. To join the WTO, a government has to bring its economic and trade policies into line with the organisation’s rules and principles and negotiate with […]

DP World's terminal at Dakar in Senegal, one of the countries in the first phase of the decarbonisation project

DP World and Masdar link up for project to decarbonise ports

Two of the UAE’s biggest companies have formed a partnership that aims to decarbonise ports in the Middle East and Africa. Logistics group DP World has signed a three-year agreement with clean energy giant Masdar. Their initial focus will be on ports in Saudi Arabia, Senegal and Egypt. The companies will identify the best sites […]

PIF enlists global banks for second debt market issue

Saudi Arabia’s Public Investment Fund (PIF) has hired banks for its upcoming Shariah-compliant dollar bond, marking its second venture into the bond market this year. The sovereign fund, which manages over $700 billion in assets, has mandated Goldman Sachs, HSBC and Standard Chartered as joint global coordinators, Reuters reported, citing a PIF document. Investor meetings […]