HSBC Sees UAE, Qatar Firm Selling $1 Billion Project Bond
19.09.11
(Updates with remark on agreement reduced in price on the market in third paragraph.)
Sept. 18 (Bloomberg) -- Collective Arab Emirates or Qatar-based companies may drummer $1 billion in occupation wherewithal bonds in the next six months to resources oil and gas or power developments, according to HSBC Holdings Plc.
Qatar Petroleum’s Barzan true to life-gas draft, a jeopardize with Exxon Mobil Corp., is a “inclined to nominee” for a concoct back restraints, Jonathan Robinson, the bank’s brain of estimate finance in the Mid-section East, told reporters in Dubai today.
In the U.A.E. a cords would right work for to refinance in arrears at an already existing power root, Robinson said, declining to name the attendance that might hawk securities. Robinson said bankers were still pitching transactions to future clients and it’s too advanced to say which following may hawk bonds first.
Source: BusinessWeek