Qatar Central Bank to issue $1.1bn debt
Abu Dhabi, June 6, 2013
Qatar's Central Bank said on Thursday it would issue QR1 billion ($274.6 million) worth of sukuk and QR3 billion ($828.9 million) worth of bonds next week.
The bank had said in March it would issue local debt as part of an adjustment of monetary policy and in order to help commercial banks meet Basel III liquidity requirements.
The debt will be issued on Monday and will include a three-year and five-year QR500 million ($137.3 million) sukuk, a statement by the bank said.
The issue will also include a QR1.5 billion ($411.9 million) three-year bond and five-year bond.
Qatar had previously said local currency debt would be issued every quarter, half with three-year maturities and half for five-year terms. - Reuters
More Finance & Capital Market Stories
- PiSlice, du partner to encourage micro-lending
- Bank Alkhair swings to $4.7m profit
- BMI launches new personal loan promotion
- Experts shed light on key Fatca legislation
- Saudi inflation plunges to four-year low
- UAE investment appetite 'strengthens' says expert
- Dubai mulls rule change to woo domiciled funds
- UAE, Abu Dhabi roll over $20bn of Dubai's debt
- Saudi can achieve 4.4pc growth this year
- Emaar listing of retail unit 'within months'
- Dubai Investments nets $29m profits
- Compliance officers facing diverse pressures, says study
- Abu Dhabi finance dept inks deal with Ajman
- Kuwait registers 8pc credit growth
- Bahrain Sico funds net solid returns
- Emaar proposes 15pc cash dividends
- ABG units win top Islamic finance award
- Finance House approves 25pc cash dividends
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc