The Qatar Exchange, the Persian Gulf country’s equity market, must draft new listing rules before trading in bonds and Islamic debt can begin, according to Andre Went, the bourse’s chief executive officer .
“We are drafting new rules for the bonds,” Went told a seminar in the Qatari capital of Doha late yesterday. The rules would relate to information disclosure and the size of the bonds by issuers, he said.
Went declined to say when bond or sukuk trading will begin. In February, he said that bond trading may begin before the September introduction of the NYSE Euronext Universal Trading Platform, called UTP.
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