Trading on 5-year Federal Treasury bonds begins on Nasdaq Dubai
Al-Husseini during the ringing of the opening bell at Nasdaq Dubai.
From the source
The Minister of State for Financial Affairs, Mohammed bin Hadi Al Husseini, rang the opening bell of the trading session on Nasdaq Dubai, to celebrate the listing of Federal Treasury Bonds (T-Bonds) denominated in UAE dirhams for a period of five years, in the presence of the CEO of Nasdaq Dubai and the Dubai Financial Market, Hamed Ali, In addition to a number of senior officials of banks.
The issuance of UAE dirham-denominated 5-year Federal Treasury Bonds has attracted significant interest from investors in the region, thanks to the booming national economy and the strong assessment of international credit agencies.
Subscription requests exceeded the target level by 6.2 times, with a total of 4.65 billion dirhams.
Commenting on this, Mohammed bin Hadi Al-Husseini stressed that "the United Arab Emirates is moving forward with confidence and aptitude towards the future, and achieving its orientations in building a sustainable economy."
He said: "Issuing multiple tranches of federal treasury bonds contributes to strengthening the strength of the national economy, and keeps pace with the UAE government's approach to enhancing investment opportunities and creating the ideal environment to attract more investors and entrepreneurs in a way that enhances the country's economic leadership, in line with the UAE Centennial 2071, which aims to be the UAE. among the world's leading economies by its centenary.
For his part, Hamed Ali said: “NASDAQ Dubai welcomes the listing of the dirham-denominated bond issued by the Ministry of Finance, and we congratulate the Ministry on its fruitful strategic efforts to enhance the fixed income market.
The succession of sovereign issuances reflects the increasing appetite of regional and international investors towards Emirati issuances, supported by the solid foundations of the national economy. Moreover, these listings also reflect the confidence of the federal government in the world-class listing frameworks provided by Nasdaq Dubai to sovereign and institutional issuers locally and globally.”
Follow our latest local and sports news and the latest political and economic developments via Google news