UAE issues second individual treasury bonds on Nasdaq Dubai
The UAE Ministry of Finance announced the listing and commencement of trading for the second issuance of Treasury Bills for individuals on Nasdaq Dubai, with a term of five years. The issuance received strong demand, with subscription requests totaling 285 million dirhams, approximately 5.7 times the targeted issuance amount of 50 million dirhams. There was wide participation from investors across 110 different nationalities, with individual requests making up 75% of the total demand. The issuance aims to expand investor participation and promote financial inclusion, with good coverage from young investors and women, support a long-term savings culture, as well as enhance market liquidity and provide greater flexibility for investors in managing their assets.
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