The Qatar Central Bank (QCB) recently issued treasury bills and Islamic sukuk with various maturities amounting to a total of QAR2 billion ($549 million). The bank revealed that the issuance includes treasury bills and Islamic sukuk spanning maturities of one week, one month, three months, six months, and nine months.
The issuances include treasury bills with a one-week maturity worth QAR200 million at an interest rate of 5.7615 percent. The Qatar Central Bank also issued bills with a one-month maturity worth QAR500 million at an interest rate of 5.7991 percent.
In addition, the central bank issued bills worth QAR500 million for a period of three months at an interest rate of 5.8183 percent, and another QAR500 million with a six-month maturity at an interest rate of 5.7765 percent.
Finally, the Qatar Central Bank issued bills worth QAR300 million with a nine-month maturity at an interest rate of 5.6948 percent.
The Qatar Central Bank issued Treasury Bills and Sukuk during May 2024.#Qatar_Central_Bank pic.twitter.com/FBlb0JUq8L
— مصرف قطر المركزي (@QCBQATAR) May 2, 2024
Read: US Federal Reserve, UAE Central Bank keep interest rates unchanged
The Qatar Central Bank reported a substantial interest in both treasury bills and Islamic sukuk, with total private bids amounting to QAR5.4 billion.
This significant response from the private sector underscores the attractiveness of Qatar’s debt instruments to investors, reflecting confidence in the country’s economic stability and financial market.
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