Qatar Central Bank approves 8 sukuk and bonds
Qatar announced upcoming maturities of 8 issuances of government sukuk and bonds with a total value of 3.43 billion riyals during this week. These maturities include four bond issuances totaling 2.12 billion riyals, two of which mature today with values of 750 million and 325 million riyals, respectively, with maturities between August 16 and 19, and yields ranging from 2.50% to 4.60%. Additionally, four sukuk issuances totaling 1.31 billion riyals are due, with two of them maturing today, and maturities spread between 2024 and 2026, with yields ranging from 2.50% to 4.75%. It is worth noting that the total outstanding balance of bonds and sukuk held by Qatar Central Bank reached approximately 64.45 billion riyals for bonds and 71.85 billion riyals for sukuk. These funding instruments are used by the state to finance the budget deficit and ensure liquidity.
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