emirates7 - The Central Bank of the UAE (CBUAE) has announced an auction of Monetary Bills (M-Bills) scheduled for 2nd September 2024. This auction will feature four different issues of M-Bills Treasury bonds.

According to CBUAE data, the first issue, with a 28-day term, will be up to AED 2,000 million; the second, with a 42-day term, will be up to AED 2,500 million; the third, with a 126-day term, will be up to AED 4,500 million; and the fourth, with a 294-day term, will be up to AED 8,500 million.

The issuance date for these bonds is set for 4th September 2024, with the maturity dates as follows: the first issue will mature on 2nd October 2024, the second on 16th October 2024, the third on 8th January 2024, and the fourth on 25th June 2025.

This announcement marks the 26th Monetary Bills (M-Bills) tender by the CBUAE this year.