The Qatar Central Bank (QCB) has launched treasury bills (T-bills) with maturities of 7 days, 28 days, 91 days, 182 days, 301 days, and 364 days, totaling QAR4.5 billion.
In a statement on the X platform, the QCB detailed the distribution of the issued T-bills. The breakdown is as follows: QAR300 million for a 7-day period (new issuance) at an interest rate of 5.3669 percent. QAR1 billion is allocated for a 28-day period (tap issuance) at an interest rate of 5.3350 percent. Another QAR1 billion is designated for a 91-day period (tap issuance) at an interest rate of 5.0787 percent. Additionally, QAR1 billion is set for a 182-day period (new issuance) at an interest rate of 4.7045 percent. There is also QAR1 billion for a 301-day period (tap issuance) at an interest rate of 4.4154 percent. Finally, QAR200 million is issued for a 364-day period (new issuance) at an interest rate of 4.3300 percent.
Qatar Central Bank issued QCB Bills on Thursday, 3 October 2024.#Qatar_Central_Bank pic.twitter.com/1lMLFEJiGq
— مصرف قطر المركزي (@QCBQATAR) October 3, 2024
Overall, private bids for these T-bills reached QAR13 billion ($3.56 billion).
Read more: Qatar Central Bank releases $1.23 billion in T-bills, attracts $3.58 billion in bids
In September 2024, Fitch reported that sukuk issuance in Qatar surged by 122 percent year-on-year, reaching $500 million. Meanwhile, bond issuance rose by 59 percent to $12.4 billion in the first half of 2024.
The issuance in Qatar’s debt capital market is anticipated to remain generally stable, supported by the government’s ongoing debt repayments and limited access for corporations in the market. Additionally, Fitch expects banks to continue issuing debt as they address upcoming maturities and seek to diversify their funding sources.
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