UAE to hold second auction of dirham treasury bonds on June 20 – The National

UAE to hold second auction of dirham treasury bonds on June 20 – The National

The UAE Ministry of Finance announced that the second auction of federal treasury bonds will be held on June 20, as the government continues to strengthen liquidity in the secondary market.

The auction size of Dh1.5 billion ($408 million) will be distributed in two tranches of two and three-year notes, valued at Dh750m each, the ministry said in a statement on Saturday.

“The reopening of bonds will be exercised in this auction to increase the volume of individual bonds issued with the aim of improving liquidity in the secondary market,” the statement said.