The first government treasury bond program for individuals has been listed on Nasdaq Dubai and trading has begun on the secondary market.
Subscription requests for UAE government treasury bonds for individuals covered the offering by approximately 9 times.
The UAE Ministry of Finance raises the size of Treasury Sukuk issuance for individuals to AED 100 million in response to demand.
76% of individual treasury bond subscribers in the UAE invested amounts less than AED 10,000
UAE nationals account for 72% of total subscribers in the country's first treasury bond issuance for individuals.
Government treasury bonds for individuals in the UAE mature after two years with an annual return of 4.30%
Today, Nasdaq Dubai listed the first issue of the UAE government treasury bond program for individuals, marking the start of trading in the secondary market, supported by the continuous provision of market makers and liquidity providers to ensure efficient investment activity and enhance trading flexibility.
Subscription requests amounted to AED 445 million, achieving a coverage ratio of approximately 9 times the targeted issuance size of AED 50 million, which prompted the UAE Ministry of Finance to increase the issuance size to AED 100 million in response to the demand.
Small individual investors subscribing with amounts less than 10,000 dirhams constituted the largest segment of total subscribers, at 76% of the total number of subscribers, while UAE citizens accounted for the largest percentage of total subscribers, at 72%.
Finally, the maturity of these bonds extends to two years, with an annual profit rate of 4.30%, with a commitment to distribute its profits and returns on a semi-annual basis.
