The tender includes four issues of “M-BILL” Treasury bonds, the first for a period of 28 days.
In a new step to stimulate the financial market, The Central Bank of the UAE announced today On the launch of a tender for cash authorizations, which opens new horizons In front of investors.
According to the data of the Central Bank of the UAE, the tender includes four issues of “M-BILL” treasury bonds:
- The first is for 28 days, for up to 1,500 million dirhams.
- The second 84 days for up to 23,500 million dirhams.
- Third 112 days, up to 2000 million dirhams.
- Fourth 280 days for up to 4,000 million dirhams.
The first issue of cash bills will be issued on September 18, followed by a series of regular successive issues, with the first issue due on October 16, 2024, followed by issues due on December 11, 2024, January 8, 2025, and the last issue due on June 25, 2025.
This year is witnessing remarkable activity in the stock market, as the Central Bank of the UAE is offering approximately 26 tenders for monetary bills.
