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…