Qatar Petroleum plans first public bond sale

Reuters has reported that Qatar Petroleum has hired a group of banks to arrange a four-tranche issuance of U.S. dollar-denominated bonds, for what will be its debut public bond sale months after it signed a contract to boost its liquefied natural gas output.

The bond sale will comprise conventional tranches of five, 10 and 20 years, as well a 30-year Formosa portion, the document from one of the banks showed, which was subsequently reviewed by Reuters.

Qatar Petroleum (QP), one of the world’s top liquefied natural gas (LNG) suppliers, hired Citi and JPMorgan to coordinate the issue.

QP’s fundraising comes as energy companies in the region seek different means to raise cash after they were hurt last year by the double shock of the COVID-19 pandemic and oil prices collapsing, Reuters said.