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FINANCIAL NEWS
Qatar’s CB to issue USD1.23b debt in June
08 Jun 2013
(MENAFN) Qatar’s Central Bank stated that it plans on raising sukuk worth around USD300 million in June, as well as USD823 million worth of bonds, reported Arabian Business.
The bank also said in March that as a part of an adjustment of monetary policy, it will issue local debt with the aim of helping commercial banks in the country meet liquidity requirements of Basel III.
The bank gave further details regarding the issued debt saying that it will include a five-year USD137.2 million sukuk as well as a three-year sukuk of the same value. Bonds worth USd411 million will also be included for the same payment periods.
It is worth noting that the Qatar Central Bank was originally the Qatar Monetary Agency (and was known before that as Qatar Dubai Currency Board), founded in May 1973 after Dubai joined the United Arab Emirates.
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