Latest news with #IslamicTreasurySukuk
Mid East Info
23-05-2025
- Business
- Mid East Info
Islamic Treasury Sukuk Auction for May 2025 Attracts Bids Worth AED 6.93 Billion - Middle East Business News and Information
Marking an oversubscription of 6.3 times. Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the newly issued 5-Year tranche maturing in May 2030, with a tight spread of 2 and flat basis points respectively, above comparable US Treasuries at the time of issuance. Abu Dhabi, UAE: The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as published on the MoF's official website. The auction attracted robust demand from eight primary dealers across both tranches – re-opening of the May 2027 tranche and the newly issued 5-year tranche maturing in May 2030. The total bids received reached AED 6.93 billion, reflecting an oversubscription rate of 6.3 times, underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance framework. The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the May 2030 tranche. These yields represent a tight spread of 2 and flat basis points, respectively, above comparable US Treasuries at the time of issuance. The Islamic T-Sukuk program plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
Hi Dubai
23-05-2025
- Business
- Hi Dubai
Ministry of Finance Completes AED1.1 Billion Islamic T-Sukuk Auction with Strong Investor Demand
The UAE Ministry of Finance has successfully concluded its May 2025 auction of Islamic Treasury Sukuk (T-Sukuk), raising AED1.1 billion amid overwhelming investor interest and robust demand. Conducted in coordination with the Central Bank of the UAE, the auction attracted total bids worth AED6.93 billion from eight primary dealers, reflecting an oversubscription rate of 6.3 times. The offering included a re-opening of the May 2027 tranche and a newly issued 5-year tranche maturing in May 2030. Yields remained competitive, with the May 2027 tranche recording a Yield to Maturity (YTM) of 3.99%, while the May 2030 tranche closed at 4.06%. Both yields were closely aligned with U.S. Treasury benchmarks, demonstrating strong market confidence in the UAE's fiscal strength and Islamic finance infrastructure. This issuance forms part of the Ministry's broader 2025 T-Sukuk programme, aimed at developing a dirham-denominated yield curve and providing secure investment options for institutional investors. Officials highlighted that the success of the auction supports not only the UAE's domestic debt market but also reinforces the country's long-term economic sustainability goals. News Source: Emirates News Agency
Hi Dubai
24-04-2025
- Business
- Hi Dubai
Ministry of Finance Raises AED 1.1 Billion in Oversubscribed Islamic T-Sukuk Auction
The Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE (CBUAE), has successfully completed the latest auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk), raising AED 1.1 billion. This marks another milestone in the 2025 T-Sukuk issuance program. The auction drew strong interest from eight primary dealers, receiving total bids of AED 6.12 billion—oversubscribed by 5.6 times. This robust demand signals continued investor confidence in the UAE's economic fundamentals and its Islamic finance framework. The issuance was split across two tranches maturing in May 2027 and September 2029, offering competitive yields of 3.83% and 3.93%, respectively. These yields reflect tight spreads of 5 and zero basis points over comparable US Treasuries, highlighting the attractiveness and market-driven pricing of the instruments. The T-Sukuk program is a key component of the UAE's broader strategy to strengthen the local debt capital market. It plays a vital role in building a Dirham-denominated yield curve, while offering secure, Sharia-compliant investment options to a diverse investor base. By deepening the local bond market and enhancing financial infrastructure, the program also supports the UAE's long-term economic growth and fiscal sustainability goals. News Source: Emirates News Agency
Zawya
24-04-2025
- Business
- Zawya
Islamic Treasury Sukuk Auction for April 2025 attracts bids worth $1.6bln
ABU DHABI: The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, successfully completed the auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as published on the MoF's official website. The auction attracted robust demand from eight primary dealers across both tranches maturing in May 2027 and September 2029. The total bids received reached AED 6.12 billion, reflecting an oversubscription rate of 5.6 times, underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance framework. The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.83% for the May 2027 tranche and 3.93% for the September 2029 tranche. These yields represent a tight spread of 5 and flat basis points, respectively, above comparable US Treasuries at the time of issuance. The Islamic T-Sukuk program plays a vital role in supporting the development of the UAE's Dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
Mid East Info
24-04-2025
- Business
- Mid East Info
Islamic Treasury Sukuk Auction for April 2025 Attracts Bids Worth AED 6.12Billion - Middle East Business News and Information
Oversubscription of 5.6 times. Yield to Maturity (YTM) of 3.83% and 3.93% for May 2027 and September 2029 tranches, with spreads of up to 5 and flat basis points, respectively, over comparable US Treasuries. The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, successfully completed the auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as published on the MoF's official website. The auction attracted robust demand from eight primary dealers across both tranches maturing in May 2027 and September 2029. The total bids received reached AED 6.12 billion, reflecting an oversubscription rate of 5.6 times, underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance framework. The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.83% for the May 2027 tranche and 3.93% for the September 2029 tranche. These yields represent a tight spread of 5 and flat basis points, respectively, above comparable US Treasuries at the time of issuance. The Islamic T-Sukuk program plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
