UAE Sukuk auction 4.7x oversubscribed

April 23, 2026 / 5:09 PM

Sharjah 24 – WAM: The UAE Ministry of Finance, in collaboration with the Central Bank of the UAE, successfully raised AED1.1 billion through its April 2026 Islamic Treasury Sukuk (T-Sukuk) auction as part of its annual issuance programme.

High investor confidence and oversubscription

The auction attracted bids worth AED5.20 billion, achieving an oversubscription rate of 4.7 times, reflecting strong investor confidence in the UAE’s economic stability and creditworthiness.

Strong demand for multiple tenors

The issuance included two tranches maturing in October 2027 and February 2033, with the 7-year sukuk drawing particularly strong interest and achieving a coverage ratio of 5 times.

Competitive pricing and yields

The sukuk were priced competitively, with yields of 3.92% for the 2027 tranche and 4.13% for the 2033 tranche, maintaining tight spreads above US Treasury benchmarks.

Supporting financial market development

Listed on Nasdaq Dubai, the T-Sukuk programme supports the development of the UAE’s dirham yield curve, strengthens the local debt market, and contributes to long-term economic growth and sustainability.