Qatar set to issue QR4bn bonds, sukuk

Central bank says it is to issue government bonds and sukuk next week
Qatar set to issue QR4bn bonds, sukuk
Qatar Central Bank headquarters.
By Reuters
Thu 05 Sep 2013 03:46 PM

Qatar's central bank plans to issue SR3bn ($824 million) worth of local currency government bonds and 1 billion riyals of sukuk next week, it said on Thursday.

The debt, to be issued on September 10, 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.

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