Qatar Central Bank announced today (Thursday) the issuance of treasury bills and Islamic sukuk with a total value of 5 billion riyals (about $1.37 billion) for terms ranging from one week to nine months.

The bank said in a statement on its website that it issued treasury bills and Islamic sukuk today, amounting to 5 billion riyals, while the value of bids submitted amounted to 9.7 billion riyals (one dollar equals approximately 3.64 riyals).

The issuances were distributed by one billion riyals for one week at an interest rate of 5.2550 percent, one billion riyals for one month at an interest rate of 5.3125 percent, one billion riyals for three months at an interest rate of 5.3950 percent, one billion riyals for six months at an interest rate of 5.4525 percent, and one billion riyals for nine months at an interest rate of 5.5 percent. , according to the statement.

Treasury bills are one of the government debt tools and are issued to its bearer for different terms, and it is one of the monetary policy tools for managing domestic liquidity, according to the Central Bank.

They are characterized as low-risk financial instruments, in the sense that they are easy to dispose of without the holder being exposed to any capital losses, because the permission is usually sold at a discount, i.e. at a price less than its face value, and when the maturity date comes, the government is obligated to pay the face value of the permission.

Since October of last year, the value of the bank’s issuances of treasury bills and Islamic sukuk with maturities ranging from one to nine months amounted to a total of 16.8 billion riyals, with an interest rate ranging from 3.8950 percent to 5.5 percent.

Of this total, the value of issuances this year amounted to a total of 7.5 billion riyals, with an interest rate ranging between 5.0625 percent and 5.5 percent, according to the bank's data.