Qatar bond plans will be market test for opportunistic Gulf borrowers

Qatar bond plans will be market test for opportunistic Gulf borrowers

**Written and disseminated to select contacts on April 7**

Qatar is set to become the first Gulf country to tap global bond markets since oil prices plummeted last month. In spite of a low-oil-price environment and COVID-19-related global economic slowdown, the country on Tuesday began marketing five- 10- and 30-year bonds, which it hopes will raise at least $5bn. The bond is expected to go on sale later today.

Rachna Uppal | Senior Analyst | r.uppal@castlereagh.net

Qatar bond plans will be market test for opportunistic Gulf borrowers

Kuwait debt law delay could weigh on economic recovery post COVID-19 outbreak

**Written and disseminated to select contacts on March 18, 2020**

A new debt law allowing Kuwait to tap global debt capital markets is unlikely to be approved and implemented in the near future, although the impetus to do so may gain traction as a global rout on oil prices and economic lockdown from the COVID-19 pandemic dents revenues, further expanding the state’s budget deficit.

Rachna Uppal |Senior Analyst Business & Finance Gulf | r.uppal@castlereagh.net

Gulf bond markets: issuers take advantage of strong demand amid rising geopolitical tensions

Gulf bond markets: issuers take advantage of strong demand amid rising geopolitical tensions

The six Gulf Arab states, incorporating several of the biggest, and wealthiest, players in the global oil and gas markets, cannot seem to stop selling debt. And investors, hunting for yield in a global low rates environment, are driving demand for more bond issues from the region. Despite the recent escalation in geopolitical tensions, issuance is likely to remain strong but restricted to sovereign or state-owned entities, able to borrow more cheaply.