QP raises blockbuster $12.5bn to support LNG expansion

QP raises blockbuster $12.5bn to support LNG expansion

Qatar Petroleum (QP) has raised $12.5 billion through a bond sale, in order to finance its North Field East (NFE) project.

The company raised the most cash, $4bn, through the sale of a 30-year bond with a 3.3% coupon. Two issues of 10-year and 20-year raised $3.5bn each, with a respective coupon of 2.25% and 3.13%. The shortest dated issue, for five years, raised $1.5bn with a 1.375% coupon.

There was demand for more than $40bn, the company said.