Latest news with #T-Sukuk
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.
Arabian Business
23-05-2025
- Business
- Arabian Business
UAE's Islamic T-Sukuk auction attracts AED 6.93bn in bids
The UAE Ministry of Finance announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. The issue received an overwhelming response, with the total bids reaching AED 6.93 billion, amounting to an oversubscription rate of 6.3 times. The overwhelming response underscores the strong confidence of investors in the country's creditworthiness and Islamic finance framework, the ministry said. The issuance forms part of the T-Sukuk issuance programme for the year 2025. The auction attracted robust demand from eight primary dealers across both tranches – the reopening of the May 2027 tranche and the newly issued 5-year tranche maturing in May 2030, the ministry said. The Islamic Treasury Sukuk auction continues to succeed in enhancing the investment environment and boosting the competitiveness of the local debt capital market. Discover the results for May. #MoFUAE — وزارة المالية | الإمارات (@MOFUAE) May 22, 2025 The auction results highlighted competitive, market-driven pricing with a yield to maturity (YTM) of 3.99 per cent for the May 2027 tranche and 4.06 per cent for the May 2030 tranche. The Islamic T-Sukuk programme 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. Besides, 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
Emirates 24/7
22-05-2025
- Business
- Emirates 24/7
Islamic Treasury Sukuk Auction for May 2025 Attracts Bids Worth AED 6.93 Billion
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. 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. For more information, please visit Follow Emirates 24|7 on Google News.
Zawya
22-05-2025
- Business
- Zawya
Islamic Treasury sukuk auction for May 2025 attracts bids worth AED 6.93bln
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. For more information, please visit
