Second auction of UAE’s dirham treasury bonds oversubscribed 6.5 times amid strong demand – The National
- Date: 20-Jun-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
Second auction of UAE’s dirham treasury bonds oversubscribed 6.5 times amid strong demand – The National
The second auction of the UAE's conventional dirham-denominated treasury bonds was oversubscribed 6.5 times and achieved bids worth Dh9.7 billion ($2.64bn), the Ministry of Finance said on Monday.
The auction size of Dh1.5bn was distributed in two tranches of two and three-year notes, valued at Dh750 million each.
T-bonds are fixed-rate government debt securities that pay semi-annual interest payments until maturity, online financial encyclopaedia Investopedia said. They are also considered to be relatively risk-free.
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