Feb 11 β€’ 13:51 UTC πŸ‡ΆπŸ‡¦ Qatar Al Jazeera

The largest in its history.. QNB bonds listed on the Qatar Stock Exchange next week

QNB bonds worth 1 billion Qatari riyals will be listed on the Qatar Stock Exchange starting February 16, marking a significant milestone in the country's financial market.

The Qatar Stock Exchange has announced that QNB bonds will be listed in its debt instruments market beginning February 16, after completing all necessary technical, regulatory, and administrative actions. The total value of this issue is 1 billion Qatari riyals (approximately 274.63 million USD), with a maturity period of one year and an annual yield of 4%. The bonds will be traded under the ticker CA03, with an indicative price set at 100% of the nominal value, allowing for a price fluctuation of 10% on the first trading day.

This issuance is notable as it represents the largest bonds denominated in Qatari riyals in the history of the Qatari market, fully covered by international investors, which highlights confidence in Qatari currency-denominated instruments within the market framework. The listing is a significant move for the Qatar Stock Exchange as it aims to bolster the development of local capital markets, contributing to the ongoing efforts to deepen and diversify the debt instruments market in Qatar.

The introduction of these bonds is expected to attract further investment interest and enhance the overall liquidity in the Qatari financial landscape. This strategic step illustrates Qatar's commitment to fortifying its capital markets and reflects a growing confidence in the nation's economic outlook amid a backdrop of regional financial developments.

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