The Qatar Central Bank (QCB) has announced the issuance of treasury bills totaling QR 4.5 billion (approximately $1.23 billion) across several maturities. These include periods of 7 days, 35 days, 91 days, 182 days, 273 days, and 336 days.
Qatar Central Bank issued QCB Bills on Thursday, 29 August 2024.#Qatar_Central_Bank pic.twitter.com/VwQuISw5o9
— مصرف قطر المركزي (@QCBQATAR) August 29, 2024
In a statement on the X platform on Thursday, QCB detailed the distribution of the newly issued treasury bills as follows:
- QR 300 million for a 7-day maturity at an interest rate of 5.7815%.
- QR 1 billion for a 35-day maturity at an interest rate of 5.7363%.
- QR 1 billion for a 91-day maturity at an interest rate of 5.5390%.
- QR 1 billion for a 182-day maturity at an interest rate of 5.1730%.
- QR 1 billion for a 273-day maturity at an interest rate of 4.8888%.
- QR 200 million for a 336-day maturity at an interest rate of 4.7478%.
The issuance was conducted as a “Tap Issuance,” allowing QCB to offer additional amounts of previously issued bills, reflecting robust demand and investor confidence in Qatar’s short-term debt instruments. The total private bids for the treasury bills reached QR 13.1 billion, indicating strong market interest in QCB’s offerings.
This latest issuance supports Qatar’s ongoing strategy to manage liquidity in the financial system and provide secure investment options for both domestic and international investors.
