The Central Bank of the United Arab Emirates (CBUAE) has announced an auction of Monetary Bills (M-Bills) scheduled for September 2, 2024. The auction will feature four issues of M-Bills Treasury bonds.
According to the CBUAE, the first issue, with a 28-day term, will have a maximum value of AED2,000 million. The second issue, set for 42 days, will be capped at AED2,500 million.
The third issue, running for 126 days, will reach up to AED4,500 million, whilst the fourth issue, with a 294-day term, will not exceed AED8,500 million.
The central bank stated that the issue date for all four M-Bills is set for September 4, 2024. The maturity dates vary, with the first issue due on October 2, 2024, the second on October 16, 2024, the third on January 8, 2024, and the fourth on June 25, 2025.
The CBUAE announces 26 Monetary Bills (M-Bills) tenders during the current year, WAM said in a statement.
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