Reuters exclusively reports Qatar Petroleum hires banks to run ‘jumbo’ bond sale in June

Reuters exclusively reported that Qatar Petroleum (QP) has hired international banks for a multi-billion dollar debut public bond sale by the end of June, as lower oil and gas prices prompt Gulf energy firms to raise cash. QP, a top liquefied natural gas supplier, appointed BofA Securities, Citi, Goldman Sachs, HSBC, JPMorgan and MUFG to lead the deal of up to $10 billion, sources told Reuters. Gulf energy groups have been exploring a variety of ways to raise cash after they were pummeled last year by the COVID-19 pandemic and oil prices collapsing.