403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UAE Treasury Bonds Auction Held In Line With March Schedule With A Total Issuance Of AED 1.1 Billion
(MENAFN- Mid-East Info)
The auctions witnessed strong participation from the primary dealers for the T-Bond maturing in September 2027 and the T-Bonds tranche maturing in January 2031. Total bids reached AED4.85 billion, representing an oversubscription of 4.4times. The strong demand reflects investors' continued confidence in the UAE's robust financial sector and resilient national economy, in the face of market uncertainty. The auction results were competitively priced with a YTM of 3.73% for the T-Bond tranche maturing in September 2027 and 3.85% for the T-Bond tranche maturing in January 2031. The yields achieved represent a comparative tight spread of up to 16 basis points above comparable U.S. Treasuries at the time of issuance. Additionally, the T-Bonds are listed with Nasdaq Dubai, enhancing investor access in the secondary market. The AED T-Bond and T-Sukuk programmes play a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
-
Strong participation from all primary dealers, reflected in an oversubscription of 4.4 times with bids totalling AED 4.85 billion.
Competitive Yield to Maturity (YTM) achieved of 3.73% for the T Bond tranche maturing September 2027 and 3.85% for the T-Bond tranche maturing January 2031, at a comparative tight spread of up to 16 basis points above comparable US Treasuries at the time of issuance.
The auctions witnessed strong participation from the primary dealers for the T-Bond maturing in September 2027 and the T-Bonds tranche maturing in January 2031. Total bids reached AED4.85 billion, representing an oversubscription of 4.4times. The strong demand reflects investors' continued confidence in the UAE's robust financial sector and resilient national economy, in the face of market uncertainty. The auction results were competitively priced with a YTM of 3.73% for the T-Bond tranche maturing in September 2027 and 3.85% for the T-Bond tranche maturing in January 2031. The yields achieved represent a comparative tight spread of up to 16 basis points above comparable U.S. Treasuries at the time of issuance. Additionally, the T-Bonds are listed with Nasdaq Dubai, enhancing investor access in the secondary market. The AED T-Bond and T-Sukuk programmes play a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment