DOHA, QATAR – The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three months, six months and nine months totaling US$686 million (QR 2.5 billion).
In a statement posted on the social media platform “X” on Thursday, QCB said that the issuance was distributed as follows: US$137 million (QR 500 million) for one-week term at an interest rate of 5.755 percent, US$137 million (QR 500 million) for one-month term at an interest rate of 5.8125 percent, US$137 million (QR 500 million) for three-month term at an interest rate of 5.895 percent, US$137 million (QR 500 million) for six-month term at an interest rate of 5.952 percent, and US$137 million (QR 500 million) for nine-month term at an interest rate of 6 percent.
According to the bank, the total bids for the treasury bills and sukuk amounted to US$2.2 billion (QR 8.275 billion).
Earlier in January, the Qatar International Islamic Bank (QIIB) announced the successful issuance of its $500 million sustainable “Oryx”sukuk for a period of five years, as part of the bank’s sukuk program with a total value of $2 billion.
The sustainability sukuk from QIIB witnessed significant interest and overwhelming response from investors worldwide as more than 120 investors from over 19 countries participated in the issuance, with subscription requests reaching over US$4 billion.