• A Yield to Maturity (YTM) of 4.04% on the May 2026 tranche and 3.88% on the May 2027 tranche, representing a spread of 0 to 9bps above US Treasuries with similar maturities.

Abu Dhabi, UAE: The Ministry of Finance, as the issuing authority, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced the results of the AED 1.1 billion Islamic Treasury Sukuk (T-Sukuk) auction, which is part of the Islamic T-Sukuk issuance programme for August 2024 as published on the ministry’s website.

The auction witnessed a strong demand through the eight primary dealers for the May 2026 and May 2027 tranches of the Islamic T-Sukuk, with bids received worth AED 6.32 billion, oversubscribing the issuance by 5.7 times. The success is reflected in the attractive market driven prices, with a Yield to Maturity (YTM) of 4.04% on the May 2026 tranche and 3.88% on the May 2027 tranche, representing a 0 to 9 bps 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.

For more information, please visit https://mof.gov.ae/federal-debt-management-office/.

For further information, please contact:
- Rami El Hussari
Misbar Communications
+97152 975 0808
rami@misbar-me.com

-Ahmad Aldwairi
Misbar Communications
+97156 783 5363
ahmad.aldwairi@misbar-me.com

Hudoob Younis
Misbar Communications
971 55 899 3766
hudoob@misbar-me.com