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CBUAE announces upcoming M-Bills auction

The auction will take place on November 11, 2024.

CBUAE
Credit: WAM

The Central Bank of the UAE is set to hold an auction for Monetary Bills (M-Bills) on November 11, 2024, featuring four different issues of Treasury bonds.

The auction will consist of four M-Bill issues: a 28-day bill worth up to Dh3,500 million, an 84-day bill worth up to Dh5,500 million, a 168-day bill worth up to Dh 8,000 million, and a 336-day bill worth up to Dh16,500 million.

The issuance date is scheduled for November 13, 2024.

The maturity dates are December 11, 2024, for the 28-day issue; February 5, 2025, for the 84-day issue; April 30, 2025, for the 168-day issue; and October 15, 2025, for the 336-day issue.

Throughout the current year, the Central Bank of the UAE has announced 26 M-Bill tenders.