The Islamic Treasury Sukuk auction for the month of July achieves bids of 5.35 billion dirhams
Abu Dhabi, July 31 / 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, for a total value of 1.1 billion dirhams, as part of the Islamic Treasury Sukuk program for 2025 as it was published on the official website of the Ministry.
The Islamic Treasury Sukuk auction witnessed a strong request by the eight basic distributors of the two chips due in August 2028 and May 2030, where the total value of the received bidding reached 5.35 billion dirhams, and exceeded the size of the subscription by approximately 5 times, which reflects the confidence of investors in the Islamic finance sector in the UAE.
The success of the auction in the competitive prices based on the market mechanisms, which were achieved at a rate of return to the eligibility (YTM) 3.88% for the chip due in August 2028 and 3.95% for the segment due in May 2030, at levels similar to the returns of US Treasury bonds for the two similar deadlines for the two seashes 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.
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