UAE Achieves AED 25 Billion in Treasury Bonds and Sukuk Issuances

UAE, 26 November, 2024 : The UAE’s Ministry of Finance announced the issuance of AED 25 billion under the Government Treasury Bonds (T-Bonds) and Islamic Treasury Sukuk (T-Sukuk) programmes, launched in 2022. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum highlighted the success of these programmes as a testament to the UAE's sound investment policies and its position as a globally competitive economy.

The Ministry reported AED 11.2 billion in T-Bonds and AED 13.8 billion in T-Sukuk issuances by August 2024. Outstanding domestic public debt from both programmes reached AED 20.15 billion. The UAE also maintained its strong credit ratings, including an AA- with a stable outlook from Fitch Ratings and an Aa2 from Moody’s.

The T-Bonds Programme, launched in collaboration with the Central Bank of the UAE, has seen high investor demand across multiple auctions, surpassing subscription sizes and achieving premium prices. Similarly, the T-Sukuk Programme demonstrated robust interest, with bids consistently exceeding targets by substantial margins.

These programmes aim to diversify funding sources, stimulate the local financial sector, and provide secure investment options in UAE dirhams, contributing to sustainable economic growth and supporting the country’s strategic development goals.