QCB bills auction receives bids worth $2.91bln; total allocated amount $961mln

The Qatar Central Bank (QCB) bills auction received bids worth QR10.6bn, while the total allocated amount was QR3.5bn, according to the central bank.

The allocations were for six tenors - two new issuances and four tap issuances - ranging from seven days to 364 days, the QCB said.

QR500mn was allocated for a new issuance for seven days with a yield of 4.610%.

QR600mn was allocated for the other new issuance for 364 days with a yield of 4.569%.

QR600mn was allocated for a tap issuance for 35 days with a yield of 4.572%.

QR600mn was allocated for a new issuance for 84 days with a yield of 4.552%.

QR600mn was allocated for a tap issuance for 164 days with a yield of 4.525%, QCB said.

QR600mn was allocated for a tap issuance for 266 days with a yield of 4.528%.

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