Qatar Central Bank To Issue $1.1bn In Local Currency Bonds, Sukuk

The debt, to be issued next week, will include three-year and five-year tranches.

Qatar’s central bank plans to issue QAR3 billion ($824 million) worth of local currency government bonds and QAR1 billion of sukuk next week, it said on Thursday.

The debt, to be issued on Sept. 10, 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 U.S. dollar, launched quarterly government bond sales in March to expand the central bank’s policy arsenal and help banks manage liquidity.