Qatar bonds and sukuk worth 1.2B riyals due
Today, Qatar deservedly issued government bonds and sukuk worth a total of 1.20 billion Qatari riyals. Specifically, bonds worth 300 million riyals and sukuk worth 900 million riyals were issued on October 18, 2016, with a maturity of 10 years and an interest rate of 3.75%. This type of debt instrument is used to fund budget deficits and grants holders ownership rights in the assets. The outstanding balance of bonds amounts to 55.88 billion riyals, while sukuk totals 74.52 billion riyals.
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