Qatar Central Bank to issue $1.2bln worth of debt
Qatar Central Bank to issue 4 billion riyals of debt
Qatar's Central Bank said on Thursday it would issue 1 billion Qatari riyals ($300 million) worth of sukuk and 3 billion riyals 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, 500 million riyal sukuk and a five-year, 500 million riyal sukuk, a statement by the bank said.
The issue will also include a 1.5 billion riyal three-year bond and a 1.5 billion riyal 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.
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