The Central Bank of the UAE (CBUAE) has announced an auction of Monetary Bills (M-Bills) scheduled for September 2, 2024. The auction will feature four different M-Bills Treasury bond issues.
According to CBUAE data, the first issue, lasting 28 days, will offer up to Dh2,000 million. The second issue, for 42 days, will offer up to Dh2,500 million. The third issue, spanning 126 days, will offer up to Dh4,500 million. Finally, the fourth issue, lasting 294 days, will offer up to Dh8,500 million.
The issue date for these bonds will be September 4, 2024. The maturity dates are as follows: October 2, 2024, for the first issue; October 16, 2024, for the second; January 8, 2024, for the third; and June 25, 2025, for the fourth.
The CBUAE has announced a total of 26 Monetary Bills tenders for the current year.
