{"id":116045,"date":"2026-04-24T00:00:00","date_gmt":"2026-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=116045"},"modified":"2026-04-24T03:04:09","modified_gmt":"2026-04-24T03:04:09","slug":"april-sukuk-auction-sees-4-7x-oversubscription","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/04\/24\/april-sukuk-auction-sees-4-7x-oversubscription\/","title":{"rendered":"April sukuk auction sees 4.7x oversubscription"},"content":{"rendered":"

The Finance Ministry\u2019s April se<\/strong>ven-year AED 1.1 bn Islamic Treasury Sukuk <\/strong>auction was 4.7x oversubscribed<\/strong>, with total bids hitting AED 5.2 bn,<\/strong> according to a press release<\/a>. The Nasdaq Dubai-listed paper included three tranches: two maturing in October 2027, and a tap on its 7-year sukuk issuance maturing in February 2033. <\/p>\n

Appetite remains high: <\/strong>The 2033 tranche specifically saw even tighter demand, with a coverage ratio of 5x. While the February<\/a> inaugural issuance priced below US treasuries, the 2033 paper priced at a tight spread of just 10 bps over comparable US yields (yielding 4.13%). The shorter October 2027 tranche priced at 3.92%.<\/p>\n

Our take: <\/strong>Government debt is increasingly stretching to longer tenors, while maintaining razor-thin spreads over the USD curve, showing signs of maturity for the AED and resilient demand. <\/p>\n","protected":false},"excerpt":{"rendered":"

The issuance included a tap on its 7-year sukuk issuance from February<\/p>\n","protected":false},"author":1,"featured_media":116046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[1391,68,7,11],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-116045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-uae","tag-finance-ministry","wpautop","entry"],"acf":{"mongo_id":"6503d68c-4f40-47a6-9423-3179633911eb","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/42.jpg","photo_position":"above","homepage_title":"","full_issue_title":"April sukuk auction comes in 4.7x oversubscribed","related_issue":[116035],"teaser":"The issuance included a tap on its 7-year sukuk issuance from February"},"yoast_head":"\nApril sukuk auction sees 4.7x oversubscription - 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