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Nigeria raises 114.4bn naira in T. bills, yields mixed LAGOS: Nigeria sold 114.39 billion naira ($698 million) worth of treasury bills with maturities ranging between three months and one year at an auction this week, with yields mixed, the central bank said on Friday. The bank sold 21.53 billion naira worth of three-month paper at 9.95 percent, higher than 9.58 percent at a previous auction on Sept. 17. It sold 33.78 billion naira in 6-month notes at 10.10 percent, 13 basis points lower than the previous auction. It raised 59.08 billion naira in one-year debt at 10.35 percent, the same yield the paper fetched the last time it was sold on Sept. 3. Total demand stood at 181.44 billion naira at the auction, compared with 122 billion for the 3-month and 6-month paper sold at the Sept 17, auction. Copyright Reuters, 2014 ...

Bond prices dip after Gross departs Pimco for Janus NEW YORK: US Treasuries prices dipped Friday, erasing earlier gains on news that Pimco Chief Investment Officer Bill Gross would be joining rival Janus Capital Group, which spurred concerns of investor redemptions at the world's largest bond fund manager. Gross, a Pimco co-founder whose $222 billion Pimco Total Return Fund is the world's biggest bond fund, will manage the recently launched Janus Global Unconstrained Bond Fund and related strategies. Analysts said traders sold Treasuries on ...
China 7-year local govt bonds auctioned at 4.12pc SHANGHAI: China's finance ministry auctioned 20.7 billion yuan ($3.37 billion) of seven-year bonds on behalf of twelve local governments at a yield of 4.12 percent, traders said on Wednesday.For a breakdown of which local governments issued which amount of debt, click here:In May, the ministry announced an increase in its annual quota to issue bonds on behalf of local governments to 400 billion yuan for 2014, from 350 billion yuan in 2013.It granted 10 local ...
Indonesia sells 1.5bn rupiah of Islamic bonds, as targeted JAKARTA: Indonesia's finance ministry sold 1.5 trillion rupiah of Islamic bonds at an auction on Tuesday, meeting an indicative target of 1.5 trillion rupiah, the ministry's debt office said. The weighted average yield for the six-month Islamic T-bill was 6.74160 percent, lower than the last auction of 6.79990 percent on Sep. 9. The weighted average yield for the 29-year project-based sukuk was 9.20271 percent. Total bids for Tuesday's auction were 3.659 trillion rupiah, lower than ...
Allianz invests 140mn eur in Irish property fund FRANKFURT: German insurer Allianz said on Tuesday it would invest 140 million euros ($180 million) in Irish real-estate fund IPUT. "As the economic recovery in Ireland takes hold, supporting improving demand particularly in the domestic economy, we see the potential for strong long term income returns at attractive levels for our stakeholders," Allianz Chief Investment Officer Charles Pridgeon said. Copyright Reuters, 2014 ...
Belgium raises funds at record low cost at bond auction BRUSSELS: Belgium's borrowing costs dropped to a record low on Monday at a 2 billion euro ($2.6 billion) sale of its 10- and 20-year benchmark bonds, the debt agency said on Monday. The 10-year benchmark bond, with a 2.60 percent coupon, sold for a yield of 1.284 percent, down from 1.547 percent at a July auction which was already a record low for the maturity. Investors took a yield of 2.214 percent for the 3.00 ...
German Bund yields slightly higher after Scotland votes 'No' LONDON: German 10-year Bund yields rose slightly in early trade in Europe on Friday, with some investors offloading some of the top-rated debt purchased on the back of uncertainty over Scotland's independence referendum. Results showed support for staying part of the United Kingdom had now exceeded 50 percent of the turnout, meaning that the secession camp could not win the vote. "It will bring some relief, mostly in the UK but it will have spillovers ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln