Qatar raises $1.10bln in five-year sukuk

Qatar's central bank issued five-year sukuk, or Islamic bonds, worth $1.10bln and offering a 4.25% profit rate

  
A trader holds prayer beads as he works at the Saudi Investment Bank in Riyadh. Image used for illustrative purpose.

A trader holds prayer beads as he works at the Saudi Investment Bank in Riyadh. Image used for illustrative purpose.

REUTERS/Fahad Shadeed/Files

DUBAI - Qatar's central bank issued five-year sukuk, or Islamic bonds, worth 4 billion Qatari riyals ($1.10 billion) and offering a 4.25 percent profit rate, the central bank said on its website on Thursday.

Earlier on Thursday it announced an additional sale of 5 billion Qatari riyals in five-year treasury bonds offering the same yield. 

($1 = 3.6400 Qatar riyals)

(Reporting by Davide Barbuscia; Editing by Alison Williams) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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