DUBAI: Qatar’s central bank will offer 1.55 billion riyals ($426 million) of Treasury bills in an auction on July 11, according to an invitation sent to banks and seen by Reuters.
The offer comprises 550 million riyals of three-month bills, 500 million riyals of six-month bills and 500 million riyals of nine-month bills. Results of the auction will be announced July 12.
Between January and March, the central bank cancelled its monthly sales of T-bills because of tightening liquidity in the banking system due to low oil prices.
But since then, liquidity appears to have improved somewhat. On June 2, the central bank sold 1.25 billion riyals of three-, six- and nine-month T-bills.
Results of the central bank’s treasury bill auctions are usually announced at the start of each month but have been delayed due to the Eid public holiday which runs until July 11.
Copyright Reuters, 2016
Courtesy : BRecorder