The Central Bank of the United Arab Emirates (CBUAE) announced today, Thursday, that it will hold an auction for M-Bills on November 11 this year.
Publish dateSaturday 9 November 2024 - 09:15
According to Amac News: Based on CBUAE information, this auction will include four series of treasury bonds (M-Bills).
In the first series, which will last for 28 days, a maximum of 3.5 billion dirhams and in the second series, which will last for 84 days, a maximum of 5.5 billion dirhams will be auctioned.
Likewise, in the second series, which will be 168 days, a maximum of 8 billion dirhams and the fourth series, which will be for 336 days, a maximum of 16.5 billion dirhams will be auctioned.
According to the Central Bank of the Emirates, the issuance date of these bonds will be on November 13, 2024, and the maturity date of each series is as follows:
The first series will end on December 11, 2024, the second series on February 5, 2025, the third series on April 30, 2025 and the fourth series on October 15, 2025.
It should be mentioned that the UAE Central Bank has announced 26 M-Bill auctions this year.
In the first series, which will last for 28 days, a maximum of 3.5 billion dirhams and in the second series, which will last for 84 days, a maximum of 5.5 billion dirhams will be auctioned.
Likewise, in the second series, which will be 168 days, a maximum of 8 billion dirhams and the fourth series, which will be for 336 days, a maximum of 16.5 billion dirhams will be auctioned.
According to the Central Bank of the Emirates, the issuance date of these bonds will be on November 13, 2024, and the maturity date of each series is as follows:
The first series will end on December 11, 2024, the second series on February 5, 2025, the third series on April 30, 2025 and the fourth series on October 15, 2025.
It should be mentioned that the UAE Central Bank has announced 26 M-Bill auctions this year.
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Source : news agency wam
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