Qatar Petroleum (QP) plans to make an initial public offering of US dollar denominated international bonds, becoming the latest Gulf oil giant to issue bonds to raise funds at a time of low energy prices, according to people familiar with the matter.
The company is the world’s top supplier of liquefied natural gas (LNG). In the past few weeks, the company has sought advice from banks on the bond issuance plan, the source said. One of the sources said that the scale of the bond issue could reach billions of dollars“ It’s going to be a big deal, “the source said.
Qatar oil has yet to respond to a request for comment. The company plans to expand its capacity significantly in the next few years.