Thursday, 4 August 2011

Qatar central bank plans to sell US$1 billion T-bills - bi-me.com

Qatar plans to sell 4 billion riyals of treasury bills August 8 as part of a plan to build a yield curve and control liquidity, the central bank governor said.

The T-bills will mature in three months, Abdullah bin Saud Al-Thani told Bloomberg in a telephone interview today. The securities will be split equally between Islamic and non-Islamic, he said.

Qatar has issued 10 billion riyals of T-bills of different maturities on a monthly basis this year, the governor said.

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