Qatar Considers Refinancing The Debt Of $10 Billion That 'Expires' In 2023!
Qatar Considers Refinancing The Debt Of $10 Billion That 'Expires' In 2023!
in ,

Qatar Considers Refinancing The Debt Of $10 Billion That ‘Expires’ In 2023!

The Qatari government has turned to international banks to explore refinancing more than $ 10 billion in debt that will be completed next year. Officials at the Treasury Department are in early talks with international banks for a possible syndicated loan or bond sale, according to Bloomberg.

The government may decide to refinance part of the debt or even abandon the plan as the country has financial flexibility. A Qatari Ministry of Finance spokesman said the government had no immediate plans to refinance the debt. The ministry “is always in talks with banks to assess market conditions for possible debt issuance as part of our normal exercise of responsibility and fiscal management,” the spokesman added. Qatar, one of the world’s largest exporters of liquefied natural gas, has about $ 11 billion in debt owed in 2023, according to data compiled by Bloomberg.

Volume of syndicated loans in the Gulf region jumped to a record $ 113.5 billion in 2021, according to data compiled by Bloomberg, as sovereign and corporate issuers began a fundraising spree to take advantage of lightweight conditions. financing and free liquidity.

The Qatari government expects its fiscal deficit to reach 8.3 billion rials ($ 2.3 billion) this year at an assumed oil price averaging $ 55 a barrel. A recent flow of profits has pushed crude oil above $ 90 a barrel for the first time since 2014.

The Gulf country expects gas, a cleaner fuel than oil or coal, to remain crucial to the global economy for decades. It is spending nearly $ 30 billion to increase its LNG production capacity by about 50% over the next six years.

Qatar is also planning to issue its first green bond this year with the aim of entering a booming global market for sustainable debt. It is investing billions in clean energy in an effort to move from being one of the leading carbon emitters globally on a per capita basis.

Read Also:

Google, Meta (Facebook) And Amazon Announce Their Profits

Oil Prices “Pull” – Investors Close Positions. OPEC + Holds The Promise Of Increased Production

Russia Draws Up ‘Road Map’ To Restrict Cryptocurrencies, But Does Not Completely Ban Them!

2022 Budget: Indian Government Brings Digital Rupee. Cryptocurrencies Will Be Taxed At 30%!

Data on these pages contains forward-looking explanations that imply dangers and vulnerabilities. Markets and instruments profiled on this page are for instructive purposes just and ought not at all appear to be a proposal to trade in these resources. You ought to do your own careful examination prior to settling on any speculation choices. Investing Scan doesn’t in any capacity ensure that this data is liberated from slip-ups, mistakes, or material misquotes. It likewise doesn’t ensure that this data is of an opportune sort. Putting resources into Open Markets implies a lot of hazard, including the deficiency of all or a piece of your venture, just as enthusiastic pain. All dangers, misfortunes and expenses related with contributing, including all out loss of head, are your obligation. The perspectives and conclusions communicated in this article are those of the writers and don’t really mirror the authority strategy or position of Investing Scan nor its publicists. The creator won’t be considered liable for data that is found toward the finish of connections posted on this page.If not in any case unequivocally referenced in the body of the article, at the hour of composing, the writer has no situation in any stock referenced in this article and no business relationship with any organization referenced. The writer has not gotten pay for composing this article, other than from Investing Scan.Investing Scan and the creator don’t give customized proposals. The creator makes no portrayals concerning the exactness, culmination, or appropriateness of this data. Investing Scan and the creator won’t be responsible for any mistakes, exclusions or any misfortunes, wounds or harms emerging from this data and its presentation or use. Mistakes and exclusions excepted.The writer and Investing Scan are not enrolled speculation consultants and nothing in this article is planned to be venture counsel.

One Comment

Leave a Reply

    One Ping

    1. Pingback:

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Bitcoin Surpasses The 50-Day Average For The First Time Since November!

    Bitcoin Surpasses The 50-Day Average For The First Time Since November!

    Photo by Tesla Fans Schweiz on Unsplash

    Tesla’s Share Might Drop 70% In The Next Three Years