Arab News, Sat, Apr 06, 2024 | Ramadan 27, 1445
Qatar’s bonds maturing in 2024 reach $5.5bn
Qatar:
Bonds and sukuk maturing for Qatar’s government during 2024 have amounted to
20.3 billion riyals ($5.5 billion), according to the central bank.
Data from the nation’s financial institution
showed that this year’s government bond repayments amount to 14.45 billion
riyals, including stakes worth 1.7 billion riyals for a 7-year term due
mid-April
The 3-year term bonds reached 950 million riyals,
while the 5-year term amounted to 11.8 billion riyals.
Sukuk due in 2024 amounted to 5.85 billion riyals,
including sukuk worth 2.95 billion riyals for terms of five and seven years, due
in the middle of the current month.
Treasury bills and sukuk of the Qatar Central Bank
due in 2024 amounted to 16.3 billion riyals.
The breakdown reveals that 1.5 billion riyals of
securities mature in April, while the majority, totaling 7.7 billion riyals, are
scheduled for maturity in May.
Those slated for June, July and August as well as
October, amounted to 1.3 billion riyals, 2 billion riyals, 3.3 billion riyals,
and 1.5 billion riyals, respectively.
The total value of Qatar’s local debt instruments,
including bonds, sukuk, and treasury bills, amounts to 132.7 billion riyals,
representing 39.5 percent of the total public debt of 336 billion riyals.
The Ministry of Finance announced earlier in
March, a 1.4 billion riyals surplus in Qatar’s budget for the fourth quarter of
2023, taking the total surplus to 43.1 billion riyals.
“The State Budget recorded a surplus of QR 1.4bn
in Q4 2023, and the surplus was directed to reducing public debt, and therefore
there is no cash surplus,” the ministry said in a post on X.
Revenues have hit 55.6 billion riyals, down 10
percent from the previous quarter. Expenses rose to 54.2 billion riyals.
The ministry noted that the budget surplus of the
third quarter would be directed to repay government debts and enhance reserves.