Qatar c.bank says to issue 7 billion riyals debt
DUBAI, March 10
DUBAI, March 10 (Reuters) - Qatar's central bank said on Sunday that it would issue 4 billion riyals ($1.1 billion) worth of local currency sukuk and 3 billion riyals worth of local currency conventional bonds, as part of an adjustment of monetary policy and in order to help commercial banks meet Basel III liquidity requirements.
The central bank did not give the time period for these issues; it said the timing would be announced later. Local currency debt will be issued every quarter, half with three-year maturities and half with five-year, it said in a statement.
Last Thursday, the state-run Qatar News Agency reported that the central bank would sell a combined 4 billion riyals of three- and five-year bonds and sukuk. There was no explanation of why the QNA report differed from the central bank statement.
- Search for Malaysian plane may extend to Indian Ocean - U.S |
- Search for Malaysian plane may extend to Indian Ocean: U.S. |
- Tire blows out on passenger jet taking off at Philadelphia airport
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- Facebook CEO Zuckerberg phoned Obama to complain about spying