Qatar Central Bank To Issue QAR4bn Of Debt

The bank had said in March it would issue local debt as part of an adjustment of monetary policy.



Qatar’s Central Bank said on Thursday it would issue QAR1 billion ($300 million) worth of sukuk and QAR3 billion 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, QAR500 million sukuk and a five-year, QAR500 million sukuk, a statement by the bank said.

The issue will also include a QAR1.5 billion three-year bond and a QAR1.5 billion 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.