Finance: The Islamic Treasury Sukuk auction for the month of April fulfills bidding of 6.12 billion dirhams

Abu Dhabi, April 23 / WAM / The Ministry of Finance, in its capacity, announced in cooperation with the United Arab Emirates Bank in its capacity as the agent of issuance and payment, the success of the Islamic Treasury Sukuk auction “T-Sukuk” in the UAE dirham, with a total value of 1.1 billion dirhams, as part of the Islamic Treasury Sukuk program for the year 2025 as it was published on the official website of the Ministry.
The auction of the Islamic Treasury Suku program witnessed a strong request by the eight basic distributors on the two chips due in May 2027 and September 2029, where the total value of the received bidding reached 6.12 billion dirhams, and exceeded the size of the subscription by 5.6 times, which reflects the confidence of investors in the Islamic finance sector in the United Arab Emirates.
The success of the auction in the competitive prices based on the market mechanisms that were achieved at a return rate to the eligibility (YTM) 3.83% for the chip due in May 2027 and 3.93% for the segment due in September 2029, by a difference of 5 and zero basis points in a row compared to the American treasury bonds for similar deadlines at the time of 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.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related