ABU DHABI, 23rd May, 2026 (WAM) — The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the May 2026 auctions of UAE dirham-denominated Treasury Bonds (T-Bonds) with a total issuance size of AED1.1 billion. This auction is part of the Treasury Bonds scheduled annual issuance program for 2026, as published on the MoF’s official website. The auctions witnessed strong participation from the primary
dealers for the T-Bonds tranches maturing in September 2027 and in January 2031. Total bids reached AED4.74 billion, representing an oversubscription of 4.3 times. The strong demand reflects investors’ continued confidence in the UAE’s robust financial sector and resilient national economy. The auction results were competitively priced with a YTM of 4.03 percent for the T-Bonds tranche maturing in September 2027 and 4.30 percent for the tranche maturing in January 2031. The yields achieved represent a comparative tight spread of up to 14 basis points
above comparable U.S. Treasuries at the time of issuance. Additionally, the T-Bonds are listed with Nasdaq Dubai, enhancing investor access in the secondary market. This marks the Third successful issuance since the onset of the regional conflict. Collectively, the three issuances raised a total of AED3.3 billion and attracted bids exceeding AED14.5 billion, with pricing spreads ranging between 6 basis points and 23 basis points across tenors spanning from 18 months to 7 years. The AED T-Bond and T-Sukuk programmes play a vital role in
supporting the development of the UAE’s dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE’s long-term economic sustainability and growth objectives.
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