Latest news with #QR500
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
CB issues three-year bonds worth QR500 mnsuccessfully
QNA Doha Commercial Bank, a Qatari public shareholding company, successfully issued a 3-year tenor, QR500 million senior-unsecured bonds with a coupon of 4.9 percent. In a statement published on the Qatar Stock Exchange (QSE) website on Thursday, the bank noted that the bonds were issued under its EMTN program and are listed on the Euronext Dublin. The bank said that the successful completion of this transaction underscores the robustness of the Qatari economy and Commercial Bank's strong credit fundamentals and reaffirms the bank's standing as a leading financial institution in the region with a strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the joint lead managers for the issuances, according to the statement. Commercial Bank Group CEO Joseph Abraham said, 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retailinvestor bases.' 'The strong investor response reaffirms the confidence in the bank and the State of Qatar and credit ratings reflect our proactivity in risk management and robust liquidity; both of which are integral to executing our corporate strategic vision,' he added. The proceeds from the bonds will support the bank's funding diversification strategy and long-term growthobjectives.
Qatar Tribune
08-05-2025
- Business
- Qatar Tribune
QCB issues QR 2.9 billion in T bills amid robust investor interest
Tribune News Network Doha The Qatar Central Bank (QCB) successfully concluded its latest treasury bills auction on Thursday, allocating a total of QR2.9 billion against bids amounting to QR10 billion. The auction, which covered various tenors ranging from seven days to 336 days, attracted strong interest from financial institutions, reflecting robust confidence in the Qatari economy and the central bank's monetary instruments. According to QCB, the allocations were spread across seven different maturities. A new issuance of 7-day bills accounted for QR500 million at a yield of 4.610 percent. The highest yield of the auction, 4.618 percent, was offered on the 21-day bills, which were issued through a tap issuance mechanism and also amounted to QR500 million. The 84-day bills, likewise a tap issuance, attracted a yield of 4.556 percent with an allocation of QR500 million. For medium-term tenors, the central bank allocated QR500 million for 175-day bills at a yield of 4.367 percent through a tap issuance. Meanwhile, a new issuance of 273-day bills also garnered QR 500 million, yielding 4.265 percent. The longest tenor in the auction, the 336-day bills, saw a tap issuance of QR400 million at a yield of 4.237 percent—the lowest among all maturities. The yields across tenors suggest a mildly upward-sloping short-term yield curve, particularly in the early durations, followed by a gradual decline for longer maturities. This pattern indicates market expectations of stable or potentially easing interest rates over the coming months. The sizable demand—more than three times the allocated amount—demonstrates the attractiveness of QCB bills as a low-risk investment avenue and highlights the liquidity management needs of Qatari banks and financial institutions. The combination of new and tap issuances also reflects the central bank's agile approach to managing liquidity while supporting price discovery in the money market. QCB's continued issuance of bills at regular intervals plays a critical role in reinforcing monetary stability and anchoring short-term interest rates in line with its broader economic objectives. The success of this auction further underscores the central bank's credibility and the resilience of Qatar's financial system.
