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UAE: Third Islamic Treasury Sukuk auction achieves exceptional results
24 Aug 2023 | Thursday Source: Zawya
The UAE, represented by the Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third dirham-denominated Islamic Treasury Sukuk auction (T-sukuks), which is part of the T-sukuks issuance program for 2023.
The third auction of the UAE T-sukuks programme witnessed a strong demand through the eight primary dealers, with bids received worth AED6 billion, and an oversubscription by 5.5 times.
