Ministry of Finance: The Islamic Treasury Sukuk auction for the month of February 2025 achieves bids of 7.1 billion dirhams
Abu Dhabi, February 26 / WAM / The Ministry of Finance, in its capacity as the exporter, in cooperation with the United Arab Emirates Central Bank in its capacity as the Undersecretary and Payment, announced the results of the Islamic Treasury Sukuk auction “T-SUKUK” in the UAE dirham, at a value of 1.1 billion dirhams for February, as part of the issue of issuance Islamic treasury instruments for the first quarter of 2025 as it was published on the Ministry’s website. The auction of the Islamic Treasury Suku program witnessed a strong request by the eight banks of the basic distributors on the segment due in August 2028 and the chip due in September 2029, where bids worth 7.1 billion dirhams were received, and the subscription volume exceeded 6.5 times. The success of the auction in the distinctive markets paid on the market, which was achieved at a return rate to the eligibility (YTM) 4.18% for the chip due in August 2028 and 4.21% for the chip due in September 2029, by one basis point for American treasury bonds for similar deadlines at the time of the issuance. It should be noted that the Islamic treasury instruments in the local currency are working to build the revenue curve of the UAE dirham, and provides safe investment alternatives to investors, which contributes to enhancing the competitiveness of the local capital market, upgrading the investment environment, and supporting the sustainability of economic growth.
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