Business & Finance
Qatar sells 5.58bn riyals of govt bonds, focuses on long end of curve
DUBAI: Qatar's central bank said on Monday it had sold 5.575 billion riyals ($1.53 billion) of domestic bonds,
DUBAI: Qatar's central bank said on Monday it had sold 5.575 billion riyals ($1.53 billion) of domestic bonds, with issuance heavily focused on the long end of the yield curve.
It sold 150 million riyals of three-year bonds at a yield of 2.75 percent, 800 million riyals of five-year at 3.35 percent, 1.7 billion riyals of seven-year at 4.0 percent, and 2.925 billion riyals of 10-year at 4.5 percent.
Liquidity at the short end of Qatar's money markets has been squeezed by low oil and gas prices, strong loan growth and US interest rate hikes in recent months.
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