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Qatar sells $13.7 bln in bonds to local banks

Posted on 18 January 2011

From Bloomberg: Qatar, the world’s biggest exporter of liquefied natural gas, sold 50 billion riyals ($13.7 billion) of bonds to local banks as the Persian Gulf country seeks to absorb excess cash with lenders.
The bonds, both Islamic and non-shariah compliant, mature in three years, Central Bank Governor Abdullah bin Saud Al Thani said in a phone interview today. The conventional bond pays 5 percent interest, he said……………………………………….Full Article: Source

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