DUBAI: Qatar Central Bank plans to issue QR3bn ($824m) worth of local currency government bonds and QR1bn of sukuk next week, it said yesterday.
The debt, to be issued on December 10 in a regular quarterly auction, will include three-year and five-year tranches of both conventional and Islamic bonds, the central bank said on its website www.qcb.gov.qa.
Qatar, which pegs its riyal currency to the US dollar, launched quarterly government bond sales in March to expand the central bank’s policy arsenal and help banks manage liquidity. It also offers QR4bn worth of Treasury bills in regular monthly sales.
Reuters
