Sixth auction of dirham treasury bonds oversubscribed 4.5 times – The National
- Date: 06-Dec-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
Sixth auction of dirham treasury bonds oversubscribed 4.5 times – The National
The sixth auction of the UAE's conventional dirham-denominated treasury bonds was oversubscribed by 4.5 times and achieved bids worth Dh6.72 billion ($1.83 billion), the government said on Monday.
The latest auction received strong demand through the six primary bank dealers.
T-bonds are fixed-rate government debt securities that pay semi-annual interest payments until maturity, and they are also considered to be relatively risk-free, online financial encyclopaedia Investopedia said.