Nasdaq Dubai celebrates listing of Dh1.5b dirham-denominated treasury bonds

Nasdaq Dubai celebrates listing of Dh1.5b dirham-denominated treasury bonds

The inaugural issuance of the local currency treasury bonds program witnessed a strong appetite from investors in the region and globally being 6.3 times oversubscribed during the first auction that successfully concluded this week

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang Nasdaq Dubai’s market-opening bell to celebrate the listing and circulation of Dh1.5 billion, as the first dirham-denominated treasury bonds.

Published: Thu 12 May 2022, 7:46 PM

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, on Thursday rang Nasdaq Dubai’s market-opening bell to celebrate the listing and circulation of Dh1.5 billion, as the first dirham-denominated treasury bonds issued by the UAE Federal Government acting through the Ministry of Finance.

The issuance is part of an ambitious strategy that includes a series of treasury bond issuances to develop the fixed income market in the UAE by providing investors with investment opportunities in sovereign issuances and a proper gauge of yield curve of investments in debt instruments.

The bell ringing ceremony was attended by Ebrahim Alzaabi, assistant governor of the Central Bank of the UAE - Monetary Policy and Financial Stability; and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), the CEOs for the six participating