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Qatar C.bank sells QAR 600m T-bills

Qatar C.bank sells QAR 600m T-bills
The first tranche amounted to QAR 400 million

Mubasher: The Qatar Central Bank (QCB) on Tuesday has issued three-tranche treasury bills (T-bills) worth a combined QAR 600 million ($164.78 million).

The first tranche amounted to QAR 400 million and would be due on 1 May with a yield of 2.52%, according to the QCB’s statement.

With a six-month maturity, the second QAR 100 million tranche will mature on 6 August with a yield of 2.45%.

The third tranche, worth QAR 100 million, will be due on 5 November with a nine-month maturity and a return of 2.69%.

The QCB issues the short-term investment instruments to provide cash liquidity.