QCB T-Bills covered by almost triple

September 03, 2014 - 1:17:31 pm

DOHA: Qatar Central Bank announced Wednesday the results of the Treasury Bills auction it held yesterday September 2.

The results showed that the Bank covered the amount auctioned by almost triple the amount.

The total amount allotted by the Central Bank for the all of the Treasury Bills offered was QR4 billion.

The bids for their part reached a total of more than QR11 billion.

The figures reflected a bid to cover ratio of 2.8, which reflects a strong demand for buying the T-Bills

The Central Bank auctioned yesterday three short-term Treasury Bills; the 3-month, 6-month and 9-month T-Bills.

The maturity date for the 3-month T-Bills is on December 2 of this year. Its yield will be 0.71 percent.

The two other Treasury-Bills will mature in 2015.

The 6-month T-Bill is set to mature on March 3 of 2015 while the 9-month treasury bills have a maturity date of June 2, 2015.

Their yield will be at 0.89 percent and 0.99 percent respectively.

Half of the amount is allotted for the 3-month treasury bills.

The remaining QR2 billion are divided QR1 billion to each of the 6-month and 9-month T-Bills.

The total amount bid for the 3-month T-Bills according to the Central Bank 4,440,000,000.

Both the 6-month and 9-month Treasury Bills had bids worth QR 3,400,000,000 each. (QNA)