QCB Issues QR 600 Million Worth of Treasury Bills

Qatar Central Bank

Qatar Central Bank (QCB) issued today treasury bills with a value of QR 600 million.

A statement from Qatar Central Bank said that the treasury bills had maturities of three, six and nine months and were distributed as follows:

- QR 300 million for three months at an interest rate of 0.30 percent.

- QR 200 million for six months at an interest rate of 0.34 percent.

- QR 100 million for nine months at an interest rate of 0.37 percent.

The issuance is part of a series of issues executed by Qatar Central Bank on behalf of the Government of the State of Qatar and in accordance with the schedule prepared by both Qatar Central Bank and the Ministry of Finance. Treasury bills are issued through auction for banks operating in Qatar. (QNA)