Qatar Central Bank to issue $1.1bn debt
Abu Dhabi, June 6, 2013
Qatar's Central Bank said on Thursday it would issue QR1 billion ($274.6 million) worth of sukuk and QR3 billion ($828.9 million) worth of bonds next week.
The bank had said in March it would issue local debt as part of an adjustment of monetary policy and in order to help commercial banks meet Basel III liquidity requirements.
The debt will be issued on Monday and will include a three-year and five-year QR500 million ($137.3 million) sukuk, a statement by the bank said.
The issue will also include a QR1.5 billion ($411.9 million) three-year bond and five-year bond.
Qatar had previously said local currency debt would be issued every quarter, half with three-year maturities and half for five-year terms. - Reuters
More Finance & Capital Market Stories
- UAE's first REIT set to announce IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards
- ADIB offers smartphone industry investment
- Gulf Finance House to start $3bn Tunisia project
- KFH completes ICT project upgrade
- Egypt urban annual inflation slows to 9.8pc
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX