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TMB Bank issues first Thai Dim Sum HONG KONG: TMB Bank has issued Thailand's first Dim Sum bond, in an offering that comes amid one of the lowest renminbi-US dollar exchange rates since 2012.The three-year Reg S senior unsecured bonds priced to yield 5.5 percent to raise Rmb600m (US$96m). The notes were trading slightly above par in the secondary market. The lender garnered an order book in excess of Rmb900m from 48 accounts.Dim Sum syndicate bankers said they hoped the milestone bond would encourage other non-Chinese entities to tap the market, though they conceded it was unlikely, given how much cheaper it was to issue in US dollars.The issue also followed an unexpected People's Bank of China move to cut interest rates, something that could devalue the renminbi further and decelerate an already-sluggish Dim Sum market.TMB's reasons for issuing in offshore renminbi were not entirely clear, though bankers on the deal said that, if issuers were willing ...


Yields increase after personal income data affirms US growth NEW YORK: US Treasury yields rose on Monday after data showed that personal income rose in January, reducing some fears that the US economic growth is slowing.Personal income rose by 0.3 percent in January though personal consumption fell by 0.2 percent, the US Commerce Department said.Some economists had expected the number would be dragged down by a drop in medical care costs."There were some concerns that weaker medical readings would pass through to weaker PCE ...

Japanese demand feeds Kangaroo spree SINGAPORE: The retreating Australian dollar and the resumption of monetary easing have yet to dampen offshore demand for Kangaroo bonds. Japanese investors, in particular, are turning to Australian dollar debt in the hunt for yield.The elevated international bid has contributed to a sharp increase in Kangaroo offerings from sovereign, supranational and agency issuers, with IFC, Rentenbank and Kommunalbanken among those in the market again last week.So far this year, SSA issuers have raised A$8.6bn (US$6.7bn), ...

Mexico to raise 2.5bn from 2024 and 2045 bonds LONDON: The United Mexican States has launched a 2.5bn dual tranche 2024 and 2045 bond issue, according to a lead. The deal is split equally between a 1.25bn 2024 note that will price at mid-swaps plus 110bp, and a 1.25bn bond that will price at mid-swaps plus 190bp. Mexico began marketing the 2024 note at mid-swaps plus 135bp area today, before revising guidance to 125bp area. The longer tranche was offered to investors at 205bp ...

UK gilt prices extend rally into 2nd day after Yellen comments LONDON: British government bond prices hit their highest level in a week on Wednesday, extending a rally fuelled by Federal Reserve chair Janet Yellen's suggestion that the central bank was in no rush to raise interest rates. The 10-year gilt yield reached a low of 1.688 percent, its lowest level since last Wednesday, and at 1540 GMT was down 6 basis points on the day at 1.70 percent. Thirty-year gilt yields fell to a two-week ...

Yields on Uganda's 2-year and 15-year bonds rise KAMPALA: Yields on Uganda's new two-year and re-opened 15-year Treasury bonds rose at Wednesday's auction in which a total of 180 billion shillings ($62.61 million) worth of debt was on offer.The weighted average yield on the 2-year bond rose to 16.684 percent from 16.175 percent at their last sale on Jan. 28.The 15-year bond rates rose to 17.407 percent from 15.946 percent when the notes were last sold on December 3.The rise on the two ...

Yields on Kenya's 182-day, 364-day Treasury bills fall NAIROBI: The weighted average yield on Kenya's 364-day Treasury bill fell to 10.892 percent on Wednesday from 10.907 percent last week, the central bank said. The yield on the 182-day Treasury bill also nudged lower in the same auction to 10.367 percent from 10.377 percent last week. The bank said it received bids worth 16.7 billion shillings ($183 million) for a total of 6 billion shillings worth of bills on offer. It accepted 11.7 billion ...


 



 
Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
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Arrow Sensex 29,459.14 0.33







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln