Qatar Sells T-Bills at Average Yield of 2%, Bank Says
The Qatar Central Bank paid an average yield of 2 percent on the 4 billion riyals ($1.1 billion) of notes issued at its monthly auction yesterday, its governor, Sheikh Abdullah Saud Al Thani, said by telephone from Doha today. The world’s biggest exporter of liquefied natural gas sold 2 billion riyals of three-month securities and 1 billion riyals each of six-month and nine-month bills. That’s above yields on similar-maturity bills in Saudi Arabia (KSTBY91), Kuwait and Bahrain, data compiled by Bloomberg show.
“The yield on the T-bills was 2 percent on Tuesday, and was 2 percent the previous month,” Sheikh Abdullah said. The central bank pays an average of 1 percent on overnight deposits, he added.
Qatar’s central bank began selling treasury bills in May and started listing them on the country’s bourse on Dec. 29 “as a first step toward starting a secondary market” for debt, the bank said at the time.
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