Qatar Central Bank’s auction receives bids worth $2.7bn
Treasury bills and sukuk that were issued by the Qatar Central Bank on Thursday attracted 9.7 billion qatari riyals ($2.66 billion) of bids compared to 4.58 billion riyals last month.
The securities had a variety of tenors – ranging from one week to nine months – with 1 billion riyals allocated to each period. The total amount reached 5 billion riyals in April.
The bank reported in a tweet that the one week tenor had an interest rate of 5.255 percent, and that the one month offering was set at an interest rate of 5.3125 percent.
Additionally, the bank set a 5.395 percent interest rate for the three months tenor, a 5.4525 percent rate for the six months, and a 5.5 percent rate for the nine months.
As for the auction held on March 9, it allocated an amount of 1 billion riyals for the one week period, and 500 million riyals for the remaining tenors.
The bank reported in a tweet that the one week tenor had an interest rate of 5.255 percent, and that the one month offering was set at an interest rate of 5.3125 percent.
Additionally, the bank set a 5.395 percent interest rate for the three months tenor, a 5.4525 percent rate for the six months, and a 5.5 percent rate for the nine months.
As for the auction held on March 9, it allocated an amount of 1 billion riyals for the one week period, and 500 million riyals for the remaining tenors.
