Qatar

Investors are expecting a jumbo trade from the Qatari sovereign in the coming weeks, with money already shifting out of the borrower’s curve in preparation.

Emerging market loan bankers are used to a little political drama but the recent spat between the Saudi-led group of six Arab states and Qatar has caused doubts about whether to engage in deals with Qatari exposure. This stance is understandable for pure Qatari credits but the penumbra of uncertainty has now spread to entities at one remove from Qatar. Banks should not be put off lending.

Shares in Hapag-Lloyd, the German container shipping line, are holding up well as the subscription period for its €352m rights issue begins.

Dubai healthcare group Aster DM Healthcare has signed a $295m facility with banks from the UAE and India despite its expansion plans in scandal-hit Qatar casting some concerns over the syndication.

Qatari decision makers have worked hard over recent months to reassure the country’s partners and foreign investors about the country’s economic resilience, in the face of unprecedented strains created by the blockade imposed on June 5th by Saudi Arabia, the UAE and Bahrain

The dispute between Qatar and six other Gulf states could curb its chances of plugging the country's banks’ funding needs through the syndicated loan market, leading bankers to believe more private arrangements may be the answer to the isolated gulf state’s woes. Bianca Boorer reports.

Qatar National Bank has secured $630m with a structured Formosa bond to prove it is still able to access funding despite the sensitives surrounding the Qatar crisis.

Qatar National Bank has secured $630m with a structured Formosa bond to prove it is still able to access funding despite the sensitives surrounding the Qatar crisis.

London’s emerging market bankers are growing increasingly concerned about whether the Qatari central bank will go ahead with encouraging the country’s lenders into international bond markets, as tensions between the country and its Gulf neighbours continue. Michael Turner reports.

London’s emerging market bankers are growing increasingly concerned with how to deal with expectations that the Qatari central bank will encourage its lenders into international bond markets, as tensions between the country and its Gulf neighbours continue.

The continued severance of diplomatic ties between Qatar and its neighbours is a growing risk to the country’s banks’ capital raising efforts, which have the heaviest reliance on overseas funding in the Gulf.

Topaz Marine was marketing the first Gulf Co-operation Council-domiciled (GCC) credit since May on Wednesday morning, but the credit is no barometer for appetite Gulf names in the wake of the Qatar crisis, said investors.