Originally posted to the Reuters website, 07 April 2020
DUBAI (Reuters) – Qatar’s ruler has asked the government to postpone $8.2 billion in unawarded contracts on capital expenditure projects due to the coronavirus outbreak, a bond prospectus seen by Reuters showed.
The spread of the coronavirus may continue to negatively impact the Qatari economy and financial markets and could lead to a recession, the Gulf state also said in the document, dated April 7.
Qatar on Tuesday started marketing a triple-tranche U.S. dollar-denominated bond.
Link to the original post : https://www.reuters.com/article/us-health-coronavirus-qatar-bonds/qatar-to-postpone-8-billion-of-contracts-from-projects-due-to-coronavirus-idUSKBN21P0XQ
