Finance Ministry announces second Treasury bond issuance on Nasdaq Dubai
The UAE Ministry of Finance announced the launch of the second issuance of government treasury sukuk for individuals on NASDAQ Dubai, with a five-year maturity, following successful subscription and allocation processes. The offering attracted bids totaling 285 million dirhams, representing a coverage ratio of 5.7 times the target. It saw broad participation from citizens of 110 nationalities, with a significant proportion of individual investors who invested amounts of less than 10,000 dirhams. The issue aims to expand community involvement in government financing and promote financial inclusion, providing investors with the opportunity to manage their portfolios freely and trade sukuk in the secondary market. This development reflects investors’ confidence in the country’s sovereign debt instruments and is part of efforts to develop capital markets and enhance long-term savings and investment.
Notice: This Is an AI-Generated Summary
Comments (0)