Islamic Treasury Sukuk auction for February 2025 attracts bids worth AED7.1 billion

WAM
26 Feb 2025, 19:18 GMT+10

ABU DHABI, 26th February, 2025 (WAM) -- The Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced the results of the Islamic Treasury Sukuk (T-Sukuk) auction denominated in UAE dirhams, amounting to AED1.1 billion.

This issuance is part of the Islamic T-Sukuk issuance programme for the first quarter of 2025 as published on the Ministry's website.

The auction witnessed a strong demand from the eight primary dealers for both tranches maturing in August 2028 and September 2029, of the Islamic T-Sukuk, with bids received worth AED7.1 billion and an oversubscription by 6.5 times.

The success is reflected in the attractive market driven prices, with a Yield to Maturity (YTM) of 4.18 percent for the tranche maturing in August 2028 and 4.21 percent for the tranche maturing on September 2029, representing a spread of one basis point above US Treasuries with similar maturities at the time of the auction.

The Islamic T-Sukuk issuance programme will contribute to building the UAE dirham denominated yield curve, providing safe investment alternatives for investors, strengthening the local debt capital market, developing the investment environment, as well as supporting sustainable economic growth.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.

More Information

null in null

Business

Section

Foxconn seeks Honda as a partner, eyes ties with Nissan, Mitsubishi

Foxconn asks Honda to form partnership, Nikkei reports

TOKYO, Japan: Foxconn has approached Honda Motor with a proposal to form a partnership, aiming to establish a broader collaboration...

Consumer Confidence Survey weighs on Wall Street

Techs tumble Tuesday but Dow Jones gains 160 points

NEW YORK, New York - There was a mix of gains and losses in the United States on Tuesday with tech stocks selling off, and industrials...

Audi plans North America expansion with location expected this year

Audi to decide where to expand North American production in 2025: CEO

BERLIN, Germany: Audi is moving forward with plans to expand production in North America, and CEO Gernot Doellner said a decision on...

Reuters survey: Bank of Japan likely to hike rates to 0.75% in Q3

BOJ to raise rates once more this year to 0.75%, most likely in Q3

TOKYO, Japan: The Bank of Japan is expected to raise interest rates at least once more this year, likely in the third quarter, bringing...

Nasdaq Composite plummets 237 points as U.S. investors fret

Profit-takers hit Wall Street but Dow Jones adds 33 points

NEW YORK, New York - U.S. stock markets closed lower on Monday, with the major indexes showing mixed performances as investors digested...

Airbus targets 820 jet deliveries in 2025, delays A350 freighter

Airbus sees 820 jet deliveries in 2025, unveils new charges

BLAGNAC, France: Airbus has set a target of delivering around 820 commercial jets in 2025, marking a seven percent increase from the...

Middle East

Section