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The first auction of the dirham denominated UAE Treasury Bonds (T-Bonds), with a size of AED1.5 billion ($400 million), drew bids worth AED9.4 billion ($2.56 billion), an oversubscription of 6.3 times, it was announced on Wednesday.
Launch of these securities will help build local bonds market - and a mid-term yield curve
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UAE Central Bank launches intraday liquidity facility 6 hours ago Picture used for illustrative purpose. The Central Bank of the UAE (CBUAE) announced on Thursday that, effective April 21, 2021, a new liquidity management facility (ILF) will be introduced as part of the implementation plan of the new Dirham Monetary Framework. The objective of the facility is to provide eligible counterparties - participants in the UAE Funds Transfer System - access to Dhs funding from the CBUAE on an intraday basis, to ensure that payments are settled on a real-time basis. To obtain intraday...