Middle East Economic Survey
QCB Issues $13.7Bn In Bonds To Mop Up Liquidity
The Qatar Central Bank (QCB) issued QR50bn ($13.7bn) worth of local currency bonds on 16 January to domestic banks in order to mop up liquidity. The paper has a three-year maturity and 5% yield, with QR33bn ($9.06bn) going to conventional banks and QR17bn ($4.67bn) to Islamic banks. This follows a similar move in mid-2010, when QCB issued its first domestic bonds. It provided QR10bn...