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Goldman Sachs launches $500mn, 5-year sukuk; pricing at tight end DUBAI: Goldman Sachs has launched a $500 million, five-year debut Islamic bond offer that will price later on Tuesday, with pricing at the tight end of guidance.The investment bank set the transaction to price at a spread of 90 basis points over midswaps, a document from lead arrangers showed, at the lower end of its revised guidance of between 90 and 95 bps. Initial guidance was in the area of 95 bps.Investor orders grew to $1.5 billion for the issue, the document showed.The sukuk is being issued through a vehicle called JANY Sukuk Co and will be guaranteed by Goldman Sachs. The issue is expected to be rated A-minus by Standard & Poor's and A by Fitch Ratings, identical to the ratings of the investment bank. It will be listed on the Luxembourg Stock Exchange.Goldman had picked itself, Abu Dhabi Islamic Bank, Emirates NBD, National Bank of Abu Dhabi, QInvest ...

Mauritius 364-day Treasury bills' yield rises to 2.14pc PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bills rose to 2.14 percent at auction from 1.75 percent at the previous sale on Sept. 5, the central bank said on Friday. The Bank of Mauritius put on sale 1 billion Mauritius rupees ($31.92 million) worth of debt instruments but accepted bids for 1.050 billion rupees. Bids totalled 1.970 billion rupees, at rates ranging from 3.70 percent to 2.0 percent.Copyright Reuters, 2014 ...
Egypt sells 623.4mn euros in 1-year treasury bills: central bank CAIRO: Egypt's central bank said on Monday it sold 623.4 million euros ($822.76 million) in one-year treasury bills, more than the amount it had offered to local banks and financial foreign financial institutions.The average yield on the euro-denominated bills, which mature on August 25, 2015, is 1.981 percent.The bank had offered to sell 550 million euros in one-year euro-denominated treasury bills for issue on August 26.The government has turned mainly to the local money market ...
Egypt bond yields jump at first auction after rate hike CAIRO: Egyptian treasury bond yields jumped more than 1 percent at an auction on Monday following last week's surprise 100 basis point hike in interest rates, reaching their highest in more than 10 months.The central bank delayed announcing the results of the bond auction until Tuesday, which traders said might reflect government concern about rising yields.Egypt accepted bids worth only 786 million Egyptian pounds ($109.9 million), a fraction of the amount offered.The average yield on ...
Abu Dhabi exchange signs bonds listing, trading agreement DUBAI: Abu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday.The introduction of debt listing and trading has long been anticipated in the emirate - the largest and richest of the seven which make up the United Arab Emirates - as a way to expand the exchange's activities and make it easier ...
Nigeria raises $521mn at bond sale, yields mixed LAGOS: Nigeria sold a combined 85.17 billion naira ($521.33 million) in three-year and 10-year bonds to mostly local pension funds and some offshore investors, the Debt Management Office (DMO) said on Thursday.DMO said it sold 30 billion naira worth of 3-year bonds at an 11.35 percent yield, up from the 11.09 percent the same tenor fetched at an auction last month.A total of 50 billion naira was sold in the 10-year paper at 12.24 percent, ...
Rand, forint, lead emerging currency pullback LONDON: South African local bond yields rose to the highest in six weeks on Wednesday on anticipation of rate hikes and a ratings downgrade, while the rand led a general emerging currency pullback versus the dollar.Swaps markets indicate that investors are pricing roughly 100 basis points of policy tightening in South Africa over the coming year following a hawkish speech by central bank governor Gill Marcus. That has pushed up bond yields across the curve ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln