Buyers swarm around rare bond issues from Qatar and Abu Dhabi

02 Apr 2009

Abu Dhabi and Qatar demonstrated the astonishing depth of demand for rare Middle Eastern credits this week after investors swamped their combined $6bn of new bonds with more than $23bn of orders.

Accounts hungry for diversification, and attracted by the premiums being offered, showered $11.8bn of orders on Tuesday for Abu Dhabi’s $3bn five and 10 year issue.

On Thursday, Aa2/AA- rated Qatar priced its own $3bn deal, led by Barclays Capital, BNP Paribas, and Goldman Sachs, comprising $2bn five ...

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