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18 January 2017
Qatar Central Bank sold QR15bn ($4.1bn) of conventional and Islamic government bonds on Sunday in its first domestic government debt offer this year, a bank official said yesterday. “We issued 7bn in bonds in an auction that was oversubscribed by QR100mn – 8bn in sukuk was issued as well,” said the official without giving further details. A document seen by Reuters showed the central bank offered three-year bonds at 2.50%, five-year bonds at 3.10%, seven-year bonds at 3.75%, and 10-year bonds at 4.25%. The document did not specify how many bonds would be sold, but commercial bankers said they believed the issue would offset the maturing of about QR15bn of government bonds this month.
Qatar Central Bank sold QR15bn ($4.1bn) of conventional and Islamic government bonds on Sunday in its first domestic government debt offer this year, a bank official said yesterday. “We issued 7bn in bonds in an auction that was oversubscribed by QR100mn – 8bn in sukuk was issued as well,” said the official without giving further details. A document seen by Reuters showed the central bank offered three-year bonds at 2.50%, five-year bonds at 3.10%, seven-year bonds at 3.75%, and 10-year bonds at 4.25%. The document did not specify how many bonds would be sold, but commercial bankers said they believed the issue would offset the maturing of about QR15bn of government bonds this month.
© Gulf Times 2017
