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Middle East & Africa


National Bank of Abu Dhabi raises $200mn via 2-year note DUBAI: National Bank of Abu Dhabi (NBAD), the largest bank in the United Arab Emirates by assets, has issued a $200 million floating rate note of two years duration, it said in a bourse filing on Monday.The note will pay monthly interest starting on Dec. 20 at a variable margin over the one-month London interbank offered rate , it told the London Stock Exchange. In December 2015, the lender will pay interest of 0.05 percent per annum over LIBOR. This payment will gradually increase on a monthly basis to the final payment of 0.90 percent over the benchmark in October 2017. The bond has a put option giving the holder the right, but not the obligation, to demand early repayment of the principal from the borrower. Should this option be exercised, repayment will happen 100 days later.Copyright Reuters, 2015 ...

Yields on Egypt's Treasury bills mixed at auction CAIRO: Yields on Egypt's nine-month treasury bills dropped marginally while yields on three-month bills rose slightly at Sunday's auction, the central bank said. The average yield on Egypt's 91-day bill dropped to 11.209 percent from 11.213 percent at the last auction on Nov. 15. The 266-day bill increased slightly to 11.619 percent from 11.617 at a similar auction on Nov. 15. Copyright Reuters, 2015 ...
International Bank of Qatar sets final guidance for debut dollar bond DUBAI: International Bank of Qatar (IBQ) has set final guidance for a debut US dollar-denominated bond issue, which it expects to price later on Thursday, a document from lead arrangers showed.The lender has set final guidance at 200 basis points over midswaps, the document showed, after setting initial price thoughts in the area of 200 basis points over midswaps on Wednesday. The Regulation S Senior offer would come under the A2/A+ rated IBQ's $2 billion ...
Egyptian pound steady at official auction, stronger on parallel market CAIRO: Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency auction on Sunday, less than a week after it surprised the market by strengthening the pound. The central bank sold 37.8 million pounds at a cut off price of 7.7301 pounds to the dollar. Last week it strengthened the pound by 20 piasters from 7.9301 pounds to the dollar. Egypt, which is heavily dependent on imports ...
Egypt t-bill yields drop marginally at auction CAIRO: Yields on Egypt's three-month and nine-month treasury bills dropped marginally in Sunday's auction, the central bank said.The average yield on Egypt's 91-day bill dropped to 11.213 percent from 11.218 percent in the last auction on Nov. 8.The 273-day bill dipped slightly to 11.617 percent from 11.618 in a similar auction on November 8.Copyright Reuters, 2015 ...
Kenya 91-day T-bill yield falls to 9.654pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 9.654 percent at an auction on Thursday from 13.763 percent last week, the central bank said. The bank offered bills worth 6 billion shillings ($58.71 million) and received bids worth 22.85 billion shillings. It accepted bids worth 8.37 billion shillings. Copyright Reuters, 2015 ...
Uganda's 91-day Treasury bills yield nudges lower at auction KAMPALA: Rates on Uganda's benchmark 91-day Treasury bills edged down at an oversubscribed auction on Wednesday where a total of 170 billion shillings ($48.71 million) worth of debt was on offer. During the sale, the weighted average yield on the 91-day bills went down to 21.060 percent from the 21.253 percent fetched at the last sale, held on October 28. Rates on the 182-, and 364-day tenors remained broadly stable. Copyright Reuters, 2015 ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln