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Qatar bank to issue $1.1b bonds, sukuk
Qatar’s central bank plans to issue three billion riyals ($824 million) worth of local currency government bonds and one billion riyals 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 www.qcb.gov.qa.
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 four billion riyals worth of Treasury bills in regular monthly sales.
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