Qatar Set to Launch First Green Bond "Very Soon"
The Gulf state has not issued Eurobonds since early 2020.
Qatar is gearing up to launch its first green bond “very soon”, marking its first external deal in four years, as announced by the country's Finance Minister, Ali Al-Kuwari, at the World Economic Forum in Davos.[1]
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Al-Kuwari stated in an interview with Bloomberg Television that these financial instruments will be earmarked for projects aimed at mitigating carbon emissions and addressing other factors contributing to global warming.
The Gulf state has not issued Eurobonds since early 2020 when it successfully sold $10 billion in five-, 10-, and 30-year debt.
With a stellar AA rating from S&P Global Ratings, just two steps below the highest possible level, Qatar's government bonds currently yield an average of 4.92% in dollars, according to Bloomberg indexes.
As the world grapples with the challenges of climate change, Qatar's foray into green finance not only diversifies its portfolio but also emphasizes its commitment to sustainable practices on the global stage.