QCB allots QR1.75 bn in bill auction, draws QR5 bn in bids

Qatar Tribune

03-07-2025

Tribune News Network
Doha
In a move aimed at managing liquidity in the banking sector and reinforcing its monetary policy framework, the Qatar Central Bank (QCB) successfully concluded its latest auction of QCB bills on Thursday, allocating a total of QR1.75 billion to participating banks.
The auction attracted bids worth QR5 billion, reflecting strong demand for the central bank's liquidity management instruments.
The allocation was spread across various tenors ranging from 7 days to 364 days and included both new issuances and tap issuances.
A new issuance for a 7-day tenor accounted for the highest single allocation, with QR500 million allotted at a yield of 4.610 percent. The highest yield in the auction was recorded for the 28-day tenor tap issuance, which saw an allocation of QR250 million at a yield of 4.620 percent.
A 91-day tenor, also through tap issuance, was allocated QR250 million at a yield of 4.516 percent. The 189-day tap issuance attracted the same amount, with a slightly lower yield of 4.385 percent.
Longer-dated maturities included a 280-day tap issuance and a 364-day new issuance, each with allocations of QR250 million. These carried yields of 4.289 percent and 4.220 percent, respectively — the lowest among all the tenors offered in this round.
The mix of new and tap issuances shows QCB's flexible strategy in supporting market liquidity and sustaining a predictable short-term yield curve. Tap issuances, in particular, offer the central bank an efficient tool to reissue existing bills in response to market appetite.
The successful completion of this auction underscores QCB's ongoing commitment to effective monetary policy operations and its proactive role in ensuring liquidity management within Qatar's banking system.