QCB'S SUC­CESS­FUL BOND OF­FER

Qatar Today - - BUSINESS > BANK NOTES -

An of­fer of QR3 bil­lion ($825 mil­lion) of gov­ern­ment bonds, the first do­mes­tic gov­ern­ment bond of­fer this year, was suc­cess­ful and showed liq­uid­ity in the Qatari bank­ing sys­tem is healthy, said Qatar Cen­tral Bank.

The of­fer com­prises QR1.5 bil­lion of three-year bonds, QR1 bil­lion of five-year debt, QR250 mil­lion of seven-year debt and QR250 mil­lion of 10-year debt. It's QCB's first such is­sue since it sold QR6.5 bil­lion of con­ven­tional bonds and sukuk last Novem­ber, ac­cord­ing to bank data. Re­port­edly, it was a very suc­cess­ful auc­tion with big de­mand from both Is­lamic and con­ven­tional banks.

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