The United Arab Emirates sold 1.1 billion dirhams ($300 million) of local-currency Treasury bonds in March, drawing strong demand from investors despite heightened geopolitical tensions across the Middle East.
The offering attracted bids totalling 4.85 billion dirhams, about 4.4 times the amount sold, underscoring sustained appetite for UAE sovereign debt even as markets contend with uncertainty in the region.
The auction included two tranches: a Treasury bond maturing in September 2027 and another due in January 2031. They were priced with a YTM of 3.73% for the 2027 part and 3.85% for the 2031 tranche, according to the finance ministry.
The UAE has been steadily building its dirham-denominated debt market in recent years to deepen domestic capital markets and diversify funding sources. Strong investor participation in the latest sale signals continued confidence in the country’s financial system and economic outlook, authorities said.
