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UAE Treasury Auctions Draw 4.83B Dirhams
The UAE Ministry of Finance, in collaboration with the Central Bank of the United Arab Emirates, conducted two auctions to issue treasury bills and bonds worth a total of 1.1 billion Dirhams for July 2026, as part of the 2026 issuance programs. The auctions saw strong demand from banks for the October 2027 maturity tranche and the January 2031 bonds, with total bids amounting to 4.83 billion Dirhams—approximately 4.4 times the issuance size—reflecting investor confidence in the strength of the financial sector and the national economy. The yields on the sukuk and bonds were competitive, at 4.49% for the sukuk and 4.48% for the bonds, significantly higher than comparable U.S. Treasury yields. Both issuances will be listed on Nasdaq Dubai to enhance liquidity and attract investors. These offerings contribute to building a Dirham yield curve, provide secure alternative investment options, and support the growth of the local capital market and sustainable economic development.
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