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Qatar c.bank issued $96.2 bln bond to local banks- sources.

Summary: The bond had a fixed coupon of 5 percent and a three year tenor,says source.

The Qatar central bank issued a 350 billion riyals ($96.20 billion) three-year bond to local banks last week, sources familiar with the matter said on Monday.

"The central bank issued 350 billion riyals bond, only to local banks last week," said one market source. Another source said the bond had a fixed coupon of 5 percent and a three year tenor, which was confirmed by the market source.

(Reporting by Martin Dokoupil, Writing by Dinesh Nair, Editing by Amran Abocar)

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Publication:Kippreport
Date:Jan 17, 2011
Words:113
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