Doha, Qatar — Qatar Central Bank (QCB) issued treasury bills worth QR 500 million ($137 million) for a one-week term, due on Sep. 28, at an interest rate of 5.7550 percent.
Earlier this month, QCB issued treasury bills for one week that amounted to QR one billion.
Treasury bills are a short-term debt instrument issued by the government for the purpose of borrowing and providing cash liquidity in short terms, with control over the volume of the money supply and the purchasing power put into circulation.
In November last year, QCB issued Treasury Bills and Sukuk for periods of one week, one month, three, six and nine months worth QR 6 billion ($1.6 billion), and the auction attracted a record amount of bids totaling QR 9.75 billion.
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 4.5050 percent, QR 500 million for a one-month term at an interest rate of 4.5625 percent, QR 2 billion for a three-month term at an interest rate of 4.6450 percent, QR 1.7 billion for a six-month term at an interest rate of 4.7025 percent, and QR 1.3 billion for nine months at an interest rate of 4.75 percent.
