Qatar issues $12bn bonds in June

Qatar issues $12bn bonds in June
Qatar’s international and domestic debt instruments reached $17.1bn in a year on the back of the Arab rift.

Mubasher: Qatar Central Bank (QCB) has issued government bonds and sukuk on 3 June with a total amount of $12 billion.

Qatar offered 5- and 8-year debt notes, according to QCB’s recent statement.

The five-year tranche amounted to QAR 4.5 billion with a yield of 4.25%, maturing on 3 June 2023, while the eight-year tranche recorded QAR 2.5 billion with a yield of 4.50%, due on 3 June 2026, according to the statement.

As for suskuk issuance, the gas-rich nation's central bank offered 5- and 8-year Islamic bonds with QAR 3.3 billion and QAR 1.7 billion, respectively, maturing on 23 June 2023.

It is worth noting that Qatar’s international and domestic debt instruments reached $17.1 billion in a year on the back of the Arab rift.

On 5 June 2017, four Arab countries -Saudi Arabia, Egypt, Bahrain, and the UAE, decided to cut off diplomatic and trade ties with Qatar, accusing the GCC nation of financing terrorism. Doha forcefully denies the charges. 

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Source: Mubasher

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