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Qatar c.bank plans $1.1bn in bonds, sukuk

Doha, December 7, 2013

Qatar's central bank plans to issue 3 billion riyals ($824 million) worth of local currency government bonds and 1 billion riyals of sukuk next week, it said.

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.

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 4 billion riyals worth of Treasury bills in regular monthly sales.-Reuters




Tags: Qatar | sukuk | bonds |

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