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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 18-month bonds increased to 12.860 percent from 11.579 percent at the last auction on July 8, while the yield on three-year bonds jumped to 13.971 percent from 12.690 percent. The yield on the seven-year bond rose to 15.781 percent from 14.536 percent.Yields have not been as high on the three-year and seven-year bonds since last July, shortly after elected Islamist President Mohamed Mursi was ousted by the army following mass protests.The yield on the 18-month ...

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 ...
Saudi sovereign wealth fund plan attracts debate in advisory body DUBAI: A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom's influential Shura council advisory body but failed to yield a result, state media reported on Tuesday.A report by the council's financial committee has said the National Reserve Fund, which would invest part of the kingdom's vast hydrocarbon wealth, would build on its financial stability.Details of its investment strategy have yet to be disclosed publicly, but ...
Kenya to raise 30bn shillings this month via bonds NAIROBI: Kenya will sell a five-year Treasury bond and re-open an existing 20-year Treasury bond this month to raise up to 30 billion shillings ($343 million), the central bank said on Monday. The bank said the five-year bond's coupon rate will be determined by the market during the sale on June 18 while the 20-year bond will come with a rate of 12.000 percent. Both bonds will be on sale until June 17. Copyright Reuters, ...
UAE's Etisalat plans 3.1bn euro bond issue in four tranches DUBAI: Abu Dhabi's Etisalat plans a bond issue worth up to 3.1 billion euros ($4.22 billion) split into four tranches, according to a document from lead arrangers provided on Monday. The United Arab Emirates' largest telecom operator is considering two dollar tranches of the bond, of probably five- and 10-year tenors, plus two euro-denominated tranches of seven and 12 years' duration. This confirms the structure which sources told Reuters last week the operator was planning. ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln