Doha:The State of Qatar, through its Ministry of Finance, has finalized a successful issuance of dual-tranche US Dollar bonds, amounting to $3.0 billion, split into 5-year and 10-year conventional bonds.

According to Qatar News Agency, the Ministry of Finance announced that there was significant demand from both existing and new investors. This demand highlights Qatar€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¡¬€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¾¢s status as a highly rated sovereign in the Emerging Markets, with international investors showing strong trust in the country€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¡¬€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¾¢s financial stability, robust financial position, and solid medium-term economic growth outlook.

The bond issuance comprised a $1.0 billion tranche with a 5-year maturity and a $2.0 billion tranche with a 10-year maturity. The pricing was set at a spread of 55 basis points over US Treasuries for the 5-year tranche and 65 basis points over US Treasuries for the 10-year tranche.

Initially launched at 85 basis points for the 5-year tranche and 95 basis points for the 10-year tranche, strong investor interest drove the order books to a peak of $7.7 billion. This allowed for a price tightening of 30 basis points for both tranches.

The issuance was oversubscribed 2.5 times at peak demand, attracting a diverse range of investors from Asia, Europe, the Middle East, and the United States. The transaction was led by Goldman Sachs International, HSBC, J.P. Morgan, QNB Capital, and Standard Chartered Bank as Joint Global Coordinators, with additional support from Credit Agricole CIB, Deutsche Bank, Mizuho, MUFG, Santander, and SMBC as Joint Lead Managers.