Save for later Print Download Share LinkedIn Twitter Qatar Petroleum (QP) has raised $12.5 billion in a multi-tranche bond offering. The proceeds will be used to support QP’s massive LNG expansion and other growth projects in coming years. The bond offering consisted of five, 10- and 20-year conventional tranches and a 30-year "Formosa" tranche. A Formosa bond is a bond issued in Taiwan but denominated in a foreign currency. The coupons on the various tranches range from 1.375% for the five-year issue to 3.3% for the 30-year one. Exxon Mobil, Royal Dutch Shell and TotalEnergies recently confirmed that they have submitted bids for Phase 1 of Qatar's LNG expansion, which will raise LNG production capacity from 77 million tons/yr to 110 million tons/yr (IOD Jun.22'21).