DOHA, Dec 10 (Reuters) -

Qatari borrowers will sell around $15 billion of bonds to finance some of the $142 billion in infrastructure and other projects planned by the oil and gas exporter's government, finance minister said on Monday. They will also borrow about $55 billion in syndicated loans and raise the rest of the $142 billion in project finance, Finance Minister Youssef Kamal told a conference in Doha.

Qatar, which has the world's third-largest gas reserves, is investing revenues from energy exports in roads, tourism, real estate and industry. The government has about has about $70 billion worth of projects planned or open for bidding and a further $72 billion underway or just completed, Kamal said. "Of these around 50 percent will be project finance, $55 billion through syndication and $15 billion in bonds," he said, of funding for the projects.

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Posted by dcjaya at December 10, 2007 12:03 PM