Doha: The Qatar Central Bank (QCB) issued treasury bills and sukuk for periods of one week, one month, and three, six and nine months worth QR6bn, and the auction attracted a record amount of bids totaling QR10.68bn.
In a statement, QCB stated that the treasury bills were distributed in the amount of QR500m for a one-week term at an interest rate of 3.75 percent, QR500m for a one-month term at an interest rate of 3.81 percent, QR2bn for a three-month term at an interest rate of 3.89 percent, QR1.7bn for a six-month term at an interest rate of 3.95 percent, and QR1.3bn 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 September 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.
