The Qatar National Bank has launched a debt fund, becoming the first bank in Qatar to launch a fund of this kind.
The QNB Debt Fund will invest in debt securities issued by GCC-based sovereign and corporate entities and is open to retail and institutional investors.
QNB said GCC bonds offer a “combination of attractive rates of return (and superior levels of underlying credit risk) which is not generally available elsewhere”.
Denominated in Qatari riyals, the fund has a minimum investment requirement of QR 20,000. Further investment thereafter will be in multiples of QR 10,000. The fund is regulated by the Qatar Central Bank.