Archives of Middle East & Africa

1. Nigeria sells 110bn naira in bonds, yields up

   2013-05-16 09:40:21 GMT : (Markets - Fixed Income/Middle East & Africa)

   LAGOS: Nigeria sold 110 billion naira ($698.86 million) worth of bonds with maturities ranging from five years to 20 years at higher yields across, apart from a note maturing in 2015, the Debt Management Office (DMO) said on Thursday.All notes are re-opening of previously issued bonds.The debt office said it sold 35 billion naira in the 20-year bond, 25 billion naira in the 7-year paper and 50 bil...

2. Nigeria plans 121bn naira T-bill auction

   2013-05-15 12:16:00 GMT : (Markets - Fixed Income/Middle East & Africa)

   LAGOS: Nigeria plans to sell 121.33 billion naira ($771 million) worth of treasury bills with maturities ranging from three months to one year at its twice-monthly auction on May 22, the central bank said on Wednesday.The bank said it will auction 20.65 billion naira in 91-day bills, 30 billion naira in 182-day notes and 70.68 billion naira in 364-day paper, using the Dutch auction system.Yields a...

3. South Africa's rand firms vs dollar with higher commodity prices

   2013-04-29 08:00:17 GMT : (Markets - Fixed Income/Middle East & Africa)

   JOHANNESBURG: South Africa's rand gained against the dollar early on Monday as resource-heavy currencies were supported by higher commodity prices and global monetary stimulus was expected to support inflows to emerging market bonds.Dealers expect that the European Central Bank (ECB) will cut interest rates later this week, driving investors to higher yielding emerging markets such as South Af...

4. South African bonds supported, rand weakens on softer euro

   2013-04-18 07:34:17 GMT : (Markets - Fixed Income/Middle East & Africa)

   JOHANNESBURG: The yield spread on South African benchmark 2026 and 2015 bonds narrowed to its lowest in a year on Thursday, as lower-than-expected inflation data gave support to longer-dated bonds.Data on Wednesday showed CPI was unchanged at 5.9 percent year-on-year in March, undershooting market expectations for price growth to hit the upper end of the central bank's 3 to 6 percent target.Th...

5. Yields on Egypt T-bills climb at Thursday's auction

   2013-03-28 14:36:32 GMT : (Markets - Fixed Income/Middle East & Africa)

   CAIRO: The average yield on Egyptian 182 and 357 day treasury bills rose sharply in an auction on Thursday, figures released by the central bank showed, following an interest rate hike last week.The average yield on 182-day T-bills for April 2 issue rose to 13.813 percent from 13.031 percent at the previous issue on March 26.The yield on 357-day T-bills also for April 2 issue rose to 14.463 percen...

6. Ghana to issue 400mn cedi 3-year bond on March 7

   2013-02-12 19:04:57 GMT : (Markets - Fixed Income/Middle East & Africa)

   DAKAR: Ghana will issue a 400 million cedi ($210 million) three-year government bond on March 7 to service maturing debts, the West African nation's central bank said on Tuesday.   The bank said in a statement that the funds generated from the auction would be used for "government budget support and to rollover maturing debt."   It said settlement will take place on March 1...

7. Dubai's Emirates airline launches $750mn bond

   2013-01-31 13:21:39 GMT : (Markets - Fixed Income/Middle East & Africa)

   DUBAI: Emirates airline, Dubai's flagship carrier, launched a $750 million 12-year amortising bond on Thursday, with final pricing due later in the day, arranging banks said.   The bond, which matures in 2025, and carries an average life of seven years, launched at 300 basis points over seven-year midswaps, at the wider end of guidance released on Wednesday.   Citibank, ...

8. Nigeria to sell 826.31bn naira in T-bills in Q1

   2013-01-18 12:14:02 GMT : (Markets - Fixed Income/Middle East & Africa)

   LAGOS: Nigeria plans to raise about 826.31 billion naira ($5.26 billion) worth in treasury bills ranging between three months and one year in the first quarter of the year, the central bank said on Friday.   It plans to auction 331.29 billion naira in 91-day, 182-day and 364-day paper in January, 354.93 billion naira in the same range of bills in February and 140.09 billion of same range i...

9. Nigeria to sell 165bn naira worth of T-bills

   2013-01-16 12:26:56 GMT : (Markets - Fixed Income/Middle East & Africa)

   LAGOS: Nigeria plans to sell 164.88 billion naira ($1.05 billion) worth of treasury bills with maturities ranging from three months to one year on Jan 24, at its twice-monthly auction, the central bank said on Wednesday.   The bank said it will auction 34.88 billion naira in 91-day bills, 50 billion naira in 182-day notes and 80 billion naira in 364-day paper, using Dutch auction system. ...

10. South Africa govt bonds maintain firm footing

    2013-01-15 07:26:14 GMT : (Markets - Fixed Income/Middle East & Africa)

    JOHANNESBURG: South African government bonds are expected to hold firm on Tuesday, with yields close to historic lows, and the rand is seen stronger against the dollar, backed by a weak greenback globally.   Investors piled into the bond market in the previous session, pushing the benchmark 13-year paper's yield down to six-month lows.   The yield was down 0.8 basis points to 7.100 ...

11. South Africa govt bonds in demand

    2013-01-14 17:00:25 GMT : (Markets - Fixed Income/Middle East & Africa)

    JOHANNESBURG: South African government bonds rallied on Monday, pushing the yield on the 13-year benchmark to a 6-month low as demand resumed after a sell-off last week prompted by a downgrade from Fitch.   The rand also pulled back from last Friday's 5-week low against the dollar, although a renewed bout of selling could easily set it back on track towards last November's volatile 8.80-9....

12. Uganda 91 days T-bill yield dips to 9.782pc

    2013-01-09 14:16:53 GMT : (Markets - Fixed Income/Middle East & Africa)

    KAMPALA: The yield on Uganda's benchmark 91-day Treasury bills edged down at auction on Wednesday to 9.782 percent from 9.936 percent, while those of other tenors on sale rose.   Center>Copyright Reuters, 2013 ...

13. South Africa bonds weaken

    2013-01-04 16:51:17 GMT : (Markets - Fixed Income/Middle East & Africa)

    JOHANNESBURG: South Africa's government bonds weakened and yields were higher on Friday as the local market scales back its expectations of a domestic interest rate cut this year.   Local debt also moved in tandem with the rand currency and other emerging market assets, weighed down by US Federal Reserve minutes which suggested it might pull out of its asset-buying programme sooner than ex...

14. Uganda's 5 year T-bond yield climbs to 15.3pc

    2013-01-02 13:24:40 GMT : (Markets - Fixed Income/Middle East & Africa)

    KAMPALA: The weighted average yield on Uganda's five-year bond jumped at an over-subscribed auction worth 100 billion shillings ($37.17 million) on Wednesday, the central bank said.   Bank of Uganda said the yield on the five-year paper climbed to 15.326 percent from 12.157 percent at its last sale in October.   Copyright Reuters, 2013* ...

15. Saudi Arabia to issue bonds for Jeddah, Riyadh airports

    2012-12-30 10:53:10 GMT : (Markets - Fixed Income/Middle East & Africa)

    DUBAI: Saudi Arabia's government will issue bonds next year backed by the kingdom's ministry of finance to fund construction work at airports in Riyadh and Jeddah, Finance Minister Ibrahim Alassaf told Al Arabiya television on Sunday.   "The rest of the bonds for King Abdulaziz Airport in Jeddah and King Khaled Airport in Riyadh will be issued this (coming) year," Alassaf said.   Th...

16. Kenya's 91-day T-bills yield falls to 8.445pc

    2012-11-29 14:08:52 GMT : (Markets - Fixed Income/Middle East & Africa)

    NAIROBI: The yield on Kenya's benchmark 91-day Treasury bills fell for a third straight week to 8.445 percent on Thursday at an oversubscribed sale, from 8.987 percent last week, the central bank said.   The bank said it received bids worth 7.86 billion shillings ($91.5 million) for the 4 billion shillings on offer, and accepted bids worth 6.4 billion shillings.   Copyright Reuters,...

17. Bunds fall as equities rise, Italian sale eyed

    2012-11-29 07:33:59 GMT : (Markets - Fixed Income/Middle East & Africa)

    LONDON: German Bund futures dipped on Thursday as global equities rose overnight, with investors looking to Italy's last funding hurdle of 2012 to gauge whether a recent rally in higher-yielding bonds would continue.   The treasury is seeking to place up to 6 billion euros of five- and 10-year bonds at an auction that could bring Rome within reach of its 460-465 billion euros ($594-$600 bi...

18. South Africa's bonds, rand post momentary recovery

    2012-11-16 08:33:55 GMT : (Markets - Fixed Income/Middle East & Africa)

    JOHANNESBURG: Yields on benchmark South African government bonds dropped 2.5 basis points, reflecting a recovery in the local market as offshore buying supported prices on Friday.   The yield on the 2015 bond fell to 5.47 percent while the 2026 issue dropped to 7.74 percent.   "There was a bit of late afternoon buying, particularly in the long end, which had taken a bit of knock. We...

19. South Korea won edges down on US fiscal cliff, Greece; bonds up

    2012-11-13 07:46:05 GMT : (Markets - Fixed Income/Middle East & Africa)

    SEOUL: The South Korean won fell slightly against the dollar on Tuesday on global uncertainties over the US fiscal row and a decision by euro-zone finance ministers not to hand out more aid to Greece.   The local currency ended onshore trade at 1,089.9 against the dollar, slightly down from Monday's domestic close at 1,088.6. The won is still up around 6 percent against the dollar this yea...

20. US bonds underpinned one day before close elections

    2012-11-05 12:02:46 GMT : (Markets - Fixed Income/Middle East & Africa)

    LONDON: US Treasuries rose on Monday as investors sought safety in lower-risk markets one day before uncertain presidential elections and as Greek worries returned to the forefront of investors' minds.   US 10-year government bond yields fell 2.3 basis points to 1.69 percent but remained well within the 1.5-1.9 percent range which has held since September.   Investors have been relu...