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Qatar, the world’s fastest growing economy and biggest exporter of liquefied natural gas, sold $5 billion of dollar-denominated bonds maturing in five, 10 and 30 years.

Qatar returned to international markets for the first time in two years to sell notes due in January 2017 to yield 3.18 percent, securities maturing in January 2022 at 4.63 percent and bonds due in January 2042 at 5.83 percent, according to data compiled by Bloomberg.

Investors are seeking debt from the oil-rich Persian Gulf region after a lull caused by the debt crisis in the U.S. and Europe and the Arab uprisings. State-controlled Abu Dhabi Islamic Bank PJSC received more than $2 billion in bids for its $500 million sukuk this month, while Bahrain raised $750 million and Abu Dhabi Commercial Bank PJSC borrowed $500 million in Islamic bonds.

Investor demand in today’s sale reached $9.5 billion, according to a person familiar with the transaction who asked not to be identified because he’s not authorized to speak publicly.

Qatar last sold bonds in November 2009, placing $3.5 billion of five-year notes, $2.5 billion of 10-year debt and $1 billion of 30-year bonds, according to data compiled by Bloomberg. That offer received $28 billion in orders, Barclays Plc said at the time.

Bloomberg


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