Latest news with #YTM
Business Recorder
21-07-2025
- Business
- Business Recorder
ABHI partners with Younus Textile Mills to roll out EWA
KARACHI: ABHI has partnered with Younus Textile Mills (YTM) to roll out Earned Wage Access (EWA) for its workforce. This collaboration represents a shared commitment to improving the financial health of employees across Pakistan's textile industry. With ABHI's EWA solution, Younus Textile Mills employees can instantly access a portion of their earned wages before payday, anytime, anywhere, through the ABHI app or SMS, with funds disbursed in under 30 seconds. Muhammad Hassan Tabba, CEO, Younus Textile Mills Limited said that Younus Textile Mills believed that empowered employees drive sustainable growth. Partnering with ABHI is another step in our mission to foster a progressive and supportive workplace culture, he added. Copyright Business Recorder, 2025
Business Standard
30-06-2025
- Business
- Business Standard
Board of Bajaj Hindusthan Sugar approves participation in Lalitpur Power Generation Company's buyback offer
At meeting held on 30 June 2025 The Board of Bajaj Hindusthan Sugar at its meeting held on 30 June 2025 has approved tendering of equity shares (actual entitlement and additional shares) under the Buyback offer received from one of the group company - Lalitpur Power Generation Company for an amount upto Rs. 630.80 crore. The proceeds to be received from the said transaction will be utilised by the Company towards payment of its Outstanding dues of Optionally Convertible Debentures (first instalment for redemption of principal amount of Optionally Convertible Debentures (OCDs), YTM and coupon interest due on 31 March 2025) to the lenders.
Zawya
26-06-2025
- Business
- Zawya
Islamic Treasury Sukuk Auction for June 2025 attracts bids worth AED6.21bln
Yield to Maturity (YTM) of 3.88% for the May 2027 tranche and 3.83% for the August 2028, with a tight spread of 2 basis points, above comparable US Treasuries at the time of issuance. Abu Dhabi, UAE: The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the June 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as published on the MoF's official website. The auction attracted robust demand from eight primary dealers across both tranches maturing in May 2027 and August 2028. The total bids received reached AED 6.21billion, reflecting an oversubscription rate of 5.6 times, underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance framework. The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.88% for the May 2027 tranche and 3.83% for the August 2028 tranche. These yields represent a tight spread of 2 basis points, above comparable US Treasuries at the time of issuance. The Islamic T-Sukuk program plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.
Emirates 24/7
22-05-2025
- Business
- Emirates 24/7
Islamic Treasury Sukuk Auction for May 2025 Attracts Bids Worth AED 6.93 Billion
Marking an oversubscription of 6.3 times. Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the newly issued 5-Year tranche maturing in May 2030, with a tight spread of 2 and flat basis points respectively, above comparable US Treasuries at the time of issuance. The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as published on the MoF's official website. The auction attracted robust demand from eight primary dealers across both tranches – re-opening of the May 2027 tranche and the newly issued 5-year tranche maturing in May 2030. The total bids received reached AED 6.93 billion, reflecting an oversubscription rate of 6.3 times, underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance framework. The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the May 2030 tranche. These yields represent a tight spread of 2 and flat basis points, respectively, above comparable US Treasuries at the time of issuance. The Islamic T-Sukuk program plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives. For more information, please visit Follow Emirates 24|7 on Google News.
Zawya
22-05-2025
- Business
- Zawya
Islamic Treasury sukuk auction for May 2025 attracts bids worth AED 6.93bln
Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the newly issued 5-Year tranche maturing in May 2030, with a tight spread of 2 and flat basis points respectively, above comparable US Treasuries at the time of issuance. Abu Dhabi, UAE: The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as published on the MoF's official website. The auction attracted robust demand from eight primary dealers across both tranches – re-opening of the May 2027 tranche and the newly issued 5-year tranche maturing in May 2030. The total bids received reached AED 6.93 billion, reflecting an oversubscription rate of 6.3 times, underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance framework. The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the May 2030 tranche. These yields represent a tight spread of 2 and flat basis points, respectively, above comparable US Treasuries at the time of issuance. The Islamic T-Sukuk program plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives. For more information, please visit
