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UAE Ministry of Finance Plans to Issue $1 3 Bn Bonds, Sukuk in Q1 2024

UAE's Ministry of Finance issued a total of $2 billion in bonds and Sukuk in 2023 and plans to issue bonds valued at $1.3 billion for Q1 2024, announced Undersecretary Younis al-Khoori. Speaking to the Emirates News Agency (WAM) at the ongoing Asian Financial Forum in Hong Kong, Khoori highlighted the success of the Islamic Treasury Sukuk launch in 2023. The Sukuk, valued at $299 million, experienced robust demand, with bids worth $2.2 billion and an oversubscription by 7.6 times.

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