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Qatar raises record $12 bn in first bond sale since 2016

AFP  |  Doha 

- raised USD 12 billion in its first dollar sale in two years and it is the biggest dollar from an emerging-market nation this year, according to

Yesterday's sale eclipsed Saudi Arabia's USD 11 billion issued earlier this week and received more than USD 53 billion in bids.

It is the first time has returned to the international bond market since the emirate found itself at the centre of an entrenched regional dispute.

has been economically and politically isolated by a group of Saudi-led countries since last June over claims it supports terrorist groups.

The world's biggest exporter of liquefied has seen its only land border shut and its national airline, Qatar Airways, stopped from using its Gulf rivals' airspace in the 10-month long row.

host Qatar denies the claims.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 16:05 IST