Qatar, the world’s largest liquefied natural gas exporter, on Thursday launched $3 billion in notes maturing in five and 10 years, according to a person familiar with the deal.

The $2 billion, five-year note was launched at 340 basis points over comparable Treasury yields. The $1 billion, 10-year was launched at 380 basis points over Treasurys, the person said.

The deal is expected to price later Thursday.

The proceeds from the bond sale will be used for general funding purposes, including to provide contingency funding for entities that are owned or controlled by Qatar, according to a banker familiar with the transaction.

Lead managers for the bond sale are Barclays, BNP Paribas and Goldman Sachs

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