UAE Islamic Treasury Sukuk Auction Draws AED 6.91 Billion in Bids

UAE, 29 January, 2025 :  The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE (CBUAE), announced the results of its Islamic Treasury Sukuk (T-Sukuk) auction for January 2025. The issuance, worth AED 1.1 billion, is part of the first-quarter 2025 Islamic T-Sukuk programme.

The auction saw strong demand from eight primary dealers, with total bids reaching AED 6.91 billion—an oversubscription of 6.3 times. The May 2027 tranche recorded a Yield to Maturity (YTM) of 4.32%, while the September 2029 tranche stood at 4.43%, with spreads of 7 and 10 basis points above US Treasuries, respectively.

This issuance supports the UAE dirham yield curve, offers safe investment alternatives, strengthens the local debt market, and promotes economic growth.