QCB, Euroclear expand global access to Qatar government bonds

This strategic initiative seeks to create a more innovative, efficient and globally connected capital market underpinned by modern market infrastructure and strong investor protection.Qatar Central Bank (QCB) and Euroclear on Monday announced a collaboration to establish a new international settlement link that will make eligible Qatari government bonds and sukuk Euroclearable, opening Qatar’s domestic debt market to a broader global investor base.The initiative will provide international investors with secure and streamlined access to Qatar’s domestic market through Euroclear’s infrastructure, while giving issuers access to a wider and more diversified pool of capital. It is expected to enhance liquidity, improve market efficiency and deepen international capital flows into Qatar.Commenting on the announcement, Deputy Governor of the Qatar Central Bank Sheikh Ahmed bin Khalid bin Ahmed Al Thani said: “Qatar’s continued development of the government securities market reflects our commitment to fostering a deeper, more efficient and resilient capital market. By enhancing the infrastructure and mechanisms that support the issuance and trading of government bonds and sukuk, we are creating greater opportunities for investors, encouraging broader participation, and strengthening the foundations for sustainable growth in the financial market.”He added, “these efforts will further reinforce Qatar’s position as an attractive and internationally connected investment destination, as our collaboration with Euroclear is a practical step towards expanding international access to Qatari government debt instruments and strengthening the presence and visibility of the Qatari market among global investors”.Under the new arrangement, investors worldwide will be able to access and settle eligible Qatari riyal-denominated conventional government bonds and sukuk through Euroclear Bank, Euroclear’s International Central Securities Depository.Euroclear Bank will act as the issuer central securities depository, while Edaa, Qatar’s Central Securities Depository, will serve as the investor CSD for local investors. QCB will act as issuer and paying agent.The initiative is aligned with Qatar’s Third Financial Sector Strategy and Third National Development Strategy 2024-2030, which aim to develop a more innovative, efficient and globally connected capital market supported by modern infrastructure and strong investor protection.Euroclear CEO Valerie Urbain said the agreement would help simplify market access and strengthen Qatar’s appeal to international investors.“By making eligible Qatari government bonds and sukuk Euroclearable, we are helping to simplify market access, enhance liquidity and strengthen Qatar’s appeal to global investors,” Urbain said.Urbain added, “Euroclear has a long-standing commitment to advancing market development through trusted financial infrastructure. We are delighted to work alongside our partners in Qatar to deliver stronger global market access and support the country’s long-term capital market ambitions.”