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