On 24 November 2009, the Luxembourg Stock Exchange admitted to trading a sovereign bond issue from the state of Qatar, for a total amount issued of USD 7 billion.
This bond issue was composed of 3 tranches with respective maturities at 2015 (4.00% coupon), 2020 (5.25% coupon) and 2040 (6.40% coupon). Qatar intends to use the net proceeds from the issue for general funding purposes, including contingency funding for state-owned entities, infrastructure investments in Qatar, growth of its hydrocarbon sector and for potential investments in the international oil and gas industry.
In 2009, the Luxembourg Stock Exchange also listed two other issues of the state of Qatar for an amount of USD 3 billion.
The Luxembourg Stock Exchange has long been especially active in the listing of international debt securities. It listed the first Eurobond in 1963 and as regards sovereign debt it today has 1,814 quotation lines from 70 countries and states, including sovereign issues from Malaysia and the United Arab Emirates. It also lists corporate bond issues from Kuwait, Bahrain and Saudi Arabia.