A document revealed that Qatar Petroleum Company appointed a group of banks to arrange the issuance of dollar-denominated bonds in four tranches.
And Reuters news agency said, on Monday, that these bonds will be the first public bond sales, months after signing a contract to boost liquefied natural gas production.
The offering will include conventional bonds with terms of 5, 10 and 20 years, as well as a tranche of 30-year Formosa bonds, according to the document issued by one of the banks participating in the deal, which was seen by "Reuters".
Formosa bonds are sold by foreign borrowers in Taiwan, which are denominated in currencies other than the Taiwan dollar.
The document did not include any indication of the size of the deal, but sources told Reuters earlier that the planned issuance would raise up to $10 billion.
Qatar Petroleum, one of the world's largest suppliers of liquefied natural gas, has appointed Citigroup and JP Morgan.
The two banks, along with Bank of America Securities, Deutsche Bank, Goldman Sachs, HSBC, MUFG, QNB Capital and Credit Suisse, calls with investors starting today.
Qatar Petroleum's raising of funds comes at a time when energy companies in the region are looking for different ways to raise liquidity, after they were affected last year by a double shock caused by the Covid-19 pandemic and the collapse of oil prices.
In February, Qatar Petroleum signed a contract for the first phase of its project to expand the North Field, with the aim of raising the country's production of liquefied natural gas by 40% annually by 2026.
It is worth noting that Qatar Petroleum's investments have succeeded in expanding to include different countries, and they revolve around exploration, exploration, production, transportation, storage, marketing and sale of crude oil, natural gas liquids, gas converted to LNG and refined products, in addition to petrochemicals, fertilizers, helicopter services and financial services.
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