CBUAE’s T-sukuk for May 2025 6.3x oversubscribed
The sukuk drew in AED 6.9 bn in bids
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The sukuk drew in AED 6.9 bn in bids
The offering matures in 2029, and carries an 8% yield
The offering falls under the firm’s USD 1.5 bn trust certificate issuance programme
The rush into debt markets comes after a volatile few weeks for markets, as US Treasury rates recover
The sukuk will be listed London Stock Exchange’s International Securities Market and Nasdaq Dubai
The offering booked USD 3.85 bn in orders
The market’s issuances amount to USD 29.1 bn in the same quarter
Plus: Multiple UAE-listed ins. firms have fallen below solvency requirements
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