Qatar plans to issue $1.1bn bonds, sukuk next week

Qatar central bank says it will issue government bonds and sukuk on December 10
Qatar plans to issue $1.1bn bonds, sukuk next week
Qatar Central Bank headquarters.
By Reuters
Thu 05 Dec 2013 01:39 PM

Qatar's central bank plans to issue QR3bn ($824 million) worth of local currency government bonds and QR1bn of sukuk next week, it said on Thursday.

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 QR4bn worth of Treasury bills in regular monthly sales.

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