Doha, October 04 (QNA) – The Qatar Central Bank issued Treasury Bills and Sukuk for periods of one week, one month, and three, six and nine months worth QR 6 billion, and the auction attracted a record amount of bids totaling QR 10.68 billion.
In a statement, QCB stated that the treasury bills were distributed in the amount of QR 500 million for a one-week term at an interest rate of 3.7550 percent, QR 500 million for a one-month term at an interest rate of 3.8125 percent, QR 2 billion for a three-month term at an interest rate of 3.8950 percent, QR 1.7 billion for a six-month term at an interest rate of 3.9525 percent, and QR 1.3 billion for nine months at an interest rate of 4 percent.
QCB explained that the auction was the first auction conducted under the enhanced auction procedures introduced on Sep. 21, 2022, which increases the number of instruments and their tenor, including instruments with maturities of 1 Week and 1 Month in addition to 3 Months, 6 Months and 9 Months, increases the issuance of Islamic instruments, provides for single price issuance for each tenor, and ensures yields are consistent with monetary policy and reflect current global and domestic developments.
(QNA)