The issuance volume exceeded 4.4 times.. The success of the March treasury bond auction, with an issuance of 1.1 billion dirhams.
Abu Dhabi, 14 March / WAM / The Ministry of Finance, in its capacity as the issuing authority, and in cooperation with the Central Bank of the United Arab Emirates as the issuing and payment agent, announced the success of the auction of government treasury bonds “T-Bonds” denominated in the UAE dirham, for the month of March 2026, as this is the first issuance since the start of the escalation in the region, with a total issuance volume of 1.1 billion dirhams.
This auction comes within the annual issuance program for treasury bonds for the year 2026, according to the schedule published on the official website of the Ministry of Finance.
The auction witnessed strong demand from banks dealing with the tranche of treasury bonds due in September 2027 and the tranche due in January 2031, with the total value of bids submitted reaching 4.85 billion UAE dirhams, equivalent to about 4.4 times the size of the issue. This strong demand reflects investors’ continued confidence in the strength of the financial sector in the UAE and the strength of the national economy, despite market fluctuations.
The auction results showed competitive pricing, as the yield to maturity (YTM) reached 3.73% for the tranche of bonds due in September 2027 and 3.85% for the tranche of bonds due in January 2031. The achieved returns represented a small price difference of 16 basis points over the yields of US Treasury bonds for similar maturities for the two tranches at the time of issuance. The two tranches of treasury bonds were also listed on Nasdaq Dubai, which enhances investors’ ease of access to them in the market. High school.
It is worth noting that the local currency sukuk and bond programs work to build the return curve denominated in the UAE dirham, and provide safe investment alternatives for investors, which contributes to enhancing the competitiveness of the local debt capital market, improving the investment environment, and supporting the sustainability of economic growth.
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