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13-01-14

Qatar to sell bonds, sukuk for USD6.6b

(MENAFN) The central bank in Qatar is planning to issue conventional and Islamic government bonds worth a total USD6.6 billion, Arabian Business reported. The central bank said that the conventional bonds will be worth USD3.56 billion, with the rest of the issuance being in the form of sukuk. The local currency debt will be sold in three and five-year tranches. The issuance is designed to replace part of a bigger issue of three-year government bonds that issued in January 2011.