Qatar Central Bank Adds 7 Year T-Bond to Extend Yield Curve - Bloomberg

Qatar Central Bank Adds 7 Year T-Bond to Extend Yield Curve - Bloomberg:



"Qatar’s central bank has begun selling seven-year debt to extend the yield curve it’s developing for local companies to issue debt, the governor said.



“We try to create our yield curve and extend it to longer period of time,” central bank Governor Abdullah Saud Al Thani said in a phone interview. The bank is aiming to create a “risk-free interest rate” as a benchmark for local companies to issue their own bonds, he said.



The central bank announced plans yesterday to sell 950 million riyals ($261 million) of seven-year conventional treasury bonds on June 15 for the first time, as well as 2.1 billion riyals of three-year bonds and 950 million riyals of five-year bonds."



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