Successful Bond Auction
The Treasury has successfully raised 1.9 billion dirhams through its latest bond auction, which exclusively featured two-year treasury bills.
These securities were issued at an interest rate of 2.732%, a figure that remains largely unchanged from previous auctions.
Market Implications
The stability of the interest rate, in the face of significant oversubscription, indicates a temporary alleviation of short-term market pressures.
Investor demand continues to be robust, suggesting confidence in the market despite prevailing economic uncertainties.
Next Steps
The settlement for the subscribed treasury bills is scheduled for the upcoming Monday, as confirmed by the Treasury's Directorate of Financial Operations.
