Bonds

Bonds are public debt instruments (Securities) binding the borrower (or issuer) to pay fixed amounts (so-called Coupon) in consecutive intervals to the lender. These coupons represent the interest on the borrowed money.

 

  Bond Brochure: please click here to view.
  Introduction to Bonds and the Bond Market: please click here to view
  Presentation on Bonds: please click here to view.

 

 

Treasury Bills

Treasury Bills (TBills) are debt securities which are issued by the Central Bank as a monetary policy tool used principally to regulate the money supply and influence prevailing interest rates. They are classified as short-term debt securities as the maturity dates of each issue are almost exclusively one year or less. Issues are usually made on a regular basis (monthly) and with standard maturity periods of either three, six or nine months. TBills are widely regarded as the least risky investment available to investors.

Initial issues of T Bills are made to the primary market, which is made up exclusively of the local banks, and is completed via an auction. The TBills are issued by the Central Bank to the primary market members at a discount to their par value, meaning they have no coupon or interest rate, and do not pay interest prior to the maturity date. The primary market members then make the securities available for purchase by investors in the secondary market. The issuer or seller will receive the discounted amount from the purchaser, which is equivalent to the book or settlement value (Price * Volume)of the securities issued or sold. On the maturity date, the holder of the bills will receive the par value of the TBills from the Qatar Central Bank. The difference between the issue or purchase price and the par value is the investment return.

 

  A Presentation on Treasury Bills: please click here to view.
  Introduction to Treasury Bills & the Treasury Bills Market: please click here to view