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Home Saudi Arabia (KSA)

UAE’s sixth auction of dirham T-Bonds oversubscribed

admin by admin
December 5, 2022
in Saudi Arabia (KSA)
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The sixth auction of the UAE’s dirham-denominated treasury bonds was oversubscribed by 4.5 times and received bids worth 6.72 billion ($1.82 billion), the finance ministry government said on Monday.

The latest auction, which is part of the 9 billion dirhams T-Bond issuance program for 2022, received strong demand through the six primary bank dealers. The bonds had a spread of a 18 basis points…



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