Why Qatar sells 5.58 billion of government bonds?

Qatar sells QR5.58bn of govt bonds, focuses on long end of curve Reuters. Qatar’s central bank said yesterday it had sold 5.575bn riyals ($1.53bn) of domestic bonds, with issuance heavily focused on the long end of the yield curve.

 

It sold 150mn riyals of three-year bonds at a yield of 2.75%, 800mn riyals of five-year at 3.35%, 1.7bn riyals of seven-year at 4.0%, and 2.925bn riyals of 10-year at 4.5%.
Liquidity at the short end of Qatar’s money markets has been squeezed by low oil and gas prices, strong loan growth and US interest rate hikes in recent months.