Home GCC UAE UAE: Ministry of Finance announces second auction of federal treasury bonds Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche by Zainab Mansoor June 20, 2022 The UAE’s Ministry of Finance (MoF) announced the second auction of federal treasury bonds (T-bonds). The auction will be held on Monday, June 20, with an auction size of Dhs1.5bn distributed over two tranches: a two-year tranche valued at Dhs750m, and a three-year tranche valued at Dhs750m. The second auction is part of the Dhs9bn T-Bonds issuance programme for 2022. The first auction of the dirham-denominated T-Bonds programme reported significant turnout from local and international investors, with a total issuance of Dhs1.5bn divided into two tranches – of two and three years – and a uniform coupon rate fixed at 3.01 per cent and 3.24 per cent respectively. Read: UAE to launch domestic dirhams Treasury Bonds worth Dhs1.5bn The UAE will continue to implement its plan to issue local bonds for 2022 through more periodic auctions, a statement said. The conventional T-bonds will be denominated in UAE dirhams to develop the local bonds debt market. Meanwhile, the ministry aims to develop the mid-term yield curve, with tranches of two and three years, and in principle of five years too, while ten-year tranches will be issued at a later time, the statement added. Tags investors Ministry of Finance Tranche Treasury Bonds UAE 0 Comments You might also like How UAE’s recent floods will impact construction projects Air taxi maker Archer, ADIO to accelerate air taxi operations in UAE UAE allocates Dhs2bn to support Emiratis affected by floods UAE-Oman railway Hafeet Rail enters implementation phase