UAE Central Bank announces M-Bills auction on August 19

The Central Bank of the UAE (CBUAE) announced, on Thursday, an auction of Monetary Bills (M-Bills) on August 19.

According to CBUAE data, the auction includes four issues of M-Bills Treasury bonds, with the first issue for 28 days up to AED 2,500 million, the second for 56 days will be up to AED 2,000 million, the third for 140 days will be up to AED 3,000 million, and the fourth for 308 days will be up to AED 12,000 million.

The Issue Date will be on August 21, with the maturity date for the first issue due on September 18, the second issue on October 16, the third issue on January 8, and the fourth issue on June 25.

The CBUAE announced 26 M-Bills tenders during the current year.