Middle East Economic Survey


No 23



Qatar Issues $2.8Bn Of Sovereign Paper In Sukuk And Bonds

Qatar issued QR10bn ($2.75bn) of sovereign paper on 1 June, with half of this supplied as conventional bonds and the other half as Sukuk (an Islamic product similar to a bond). The issue, which is Qatars first in local currency, carried a 6.5% coupon and eight-year tenor and was placed with domestic banks. The move is an attempt to jump-start the local debt markets and mop up...