Qatar entered global capital markets with a dual-tranche U.S.-dollar offering that included a 3-year conventional bond and a 10-year sukuk, collectively raising around $5 billion. The issuance drew orders exceeding $15 billion, underscoring investor appetite for high-grade sovereign debt even as global yields remain elevated. The 3-year tranche priced near 4.9%, while the sukuk carried a yield close to 5.3%, offering competitive spreads relative to U.S. Treasuries. The proceeds are expected to support Qatar’s ongoing fiscal projects and maintain liquidity buffers as the country continues to diversify away from hydrocarbons. Strong participation from regional and Asian investors reflects sustained confidence in Qatar’s AA- credit profile and disciplined fiscal policy.

The move comes amid a broader resurgence of GCC sovereign issuance, as governments across the region capitalize on favorable demand dynamics to lock in medium-term funding. For Qatar, it reinforces its reputation as a reliable and transparent issuer within both conventional and Islamic finance markets.