Qatar Central Bank (QCB) and Euroclear are setting up a settlement link that will let international investors buy and hold Qatari riyal government bonds and sukuk through Euroclear Bank, the two .
Under the link, eligible conventional bonds and sukuk become “Euroclearable”, meaning investors can settle them through the same Brussels-based system they use for other international securities. Edaa, the Qatar Central Securities Depository, will continue to serve local investors, and QCB stays the issuer and paying agent.
Valerie Urbain, chief executive of Euroclear, said:
“By making Qatari government bonds and sukuk Euroclearable, we are helping to simplify market access, enhance liquidity and strengthen Qatar’s appeal to global investors.”
Sheikh Ahmed bin Khalid bin Ahmed bin Sultan Al-Thani, deputy governor of QCB, said. “The step reflects the central bank’s commitment to fostering a deeper, more efficient and resilient capital market.”
QCB tied the link to its Third Financial Sector Strategy and the Third National Development Strategy for 2024 to 2030.
The local market has been raising money steadily. QCB’s 2026 Ijarah sukuk issuance had reached $6.4 billion by August, , and a September bond auction of $109.8 million drew about $1.1 billion of bids, with yields of up to 5.30% on 2028 and 2031 maturities. Bloomberg that Qatar aims to use the Euroclear deal to boost liquidity in local bonds.
Neither side has said when the first trades will settle through Euroclear, which bonds and sukuk will be eligible at launch, or how much of Qatar’s riyal government debt is currently held by foreign investors.
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