What are local currency T-bonds and how can they boost UAE’s capital markets? – The National
- Date: 21-Apr-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
What are local currency T-bonds and how can they boost UAE’s capital markets? – The National
Related: UAE launches dirham treasury bonds with an issuance size of Dh1.5bn
The UAE will start selling dirham-denominated treasury bonds with a benchmark size of Dh1.5 billion ($400 million), as the Arab world’s second-largest economy looks to deepen and broaden its financial markets by developing the local currency bond market.
The government plans to raise as much as Dh9bn from bond sales that will help in diversifying its financial resources and meeting its financing needs in local currency, the UAE's Ministry of Finance said in a statement on Tuesday.
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