Qatar plans to issue local currency sovereign bonds with three- and five-year maturities this year as part of efforts to build a yield curve for its debt market, an International Monetary Fund official said on Monday.
"They are going to issue three- and five-year domestic government bonds in 2013. They did not mention the timing of the issuance but there will be more than one issuance and the objective is to build a domestic sovereign yield curve," A.Prasad, the IMF's mission chief for Qatar, told Reuters.
He said the government did not disclose any specific amounts or other details of the bond sales to the IMF, which concluded regular consultations with Qatar earlier this month.
MIDEAST DEBT-Qatar plans to issue riyal govt bonds in 2013 -IMF official | Reuters
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