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State of Qatar bond offer

- US$7,000.00 m

  • Entry date - Monday, 4 January 2010
  • Jurisdiction - Qatar
  • Practice - Debt Market
  • Largest bond offering by a Middle East issuer


  • Firm - Denton Wilde Sapte
  • Client - Underwriters
  • Lead Lawyers -
  • Role - Local counsel
  • Firm - Latham & Watkins
  • Client - Qatar Ministry of Economy and Finance
  • Lead Lawyers - Bill Voge, Craig Stoehr, Phillip von Randow
  • Role - Int. Counsel
  • Firm - Skadden
  • Client - Underwriters
  • Lead Lawyers - Danny Tricot, Hal Moore, Robert Chilstrom
  • Role - Int. counsel

Deal summary

  • Qatari government''s second bond offering in 2009. Issue has broken regional records as largest bond offering by a Middle East issuer.

  • Latham & Watkins has longstanding relationship with state of Qatar - advised on US$3bn bond offering in April 2009 again with Skadden, which advised underwriters. Firm retained by Qatari government in 2000 for inaugural bond issue

  • Follows recent US$1.6bn offering by Commercial Bank of Qatar.

  • Latham’s Craig Stoehr: “[The deal] is testament to the success of the carefully planned expansion and diversification of Qatar’s economy,” said Stoehr. “The Ministry of Economy and Finance and its State Finance Policy Committee … [established] Qatar as a strong sovereign credit and sophisticated debt capital markets issuer in only a little more than six months.”


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