Qatar in talks to refinance debt
The government of Qatar recently asked international banks to consider refinancing a debt that is due next year. Its amount is more than 10 billion USD.
Although a final decision on refinancing has not yet been made, negotiations are also underway on a potential bond sale and a syndicated loan.
Qatar, one of the world's largest exporters of liquefied natural gas, has about $11 billion in debt due in 2023. At the same time, the volume of syndicated loans in the Gulf region jumped to a record $113.5 billion in 2021.
The Qatari government expects the budget deficit to reach $2.3 billion this year, with an estimated oil price of $55 per barrel. It is worth considering the fact that the situation may change – the price per barrel has recently reached $90.
Qatar is also planning to issue its first green bonds this year, investing billions in clean energy.