QCB IS­SUES QR4 BIL­LION BONDS

The Qatar Cen­tral Bank (QCB) has started sell­ing QR950 mil­lion riyals ($261 mil­lion) worth of sev­enyear con­ven­tional trea­sury bonds on June 15 for the first time, as well as QR2.1 bil­lion of three-year bonds and QR950 mil­lion of fiveyear bonds.

Qatar Today - - BUSINESS > BANK NOTES -

The QCB has be­gun sell­ing seven-year debt to ex­tend the yield curve it's de­vel­op­ing for lo­cal com­pa­nies to is­sue debt. “We try to cre­ate our yield curve and ex­tend it for longer pe­riod of time. The bank is aim­ing to cre­ate a risk-free in­ter­est rate as a bench­mark for lo­cal com­pa­nies to is­sue their own bonds,” QCB Gov­er­nor HE Ab­dul­lah Saud Al Thani said, ac­cord­ing to a Bloomberg re­port. “This is step by step, it's well planned and we are cre­at­ing our cap­i­tal mar­ket,” he added.

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