- Auction attracts AED 5.43 billion in bids, oversubscribed by 4.9 times
- Part of the UAE’s strategy to deepen financial markets and diversify economy
The UAE Ministry of Finance (MOF), in partnership with the Central Bank of the UAE (CBUAE) as issuing and paying agent, raised AED 1.1 billion ($299.5 million) in its latest Islamic Treasury Sukuk (T-Sukuk) auction. The auction, part of the government’s fourth-quarter issuance program for 2024, included two tranches maturing in May 2027 and September 2029.
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