All
 

 

Just in:  

You are here: Home»Markets»Fixed Income»Middle East & Africa

Middle East & Africa

Archive

Dar al-Arkan repays $1bn sukuk on Monday: statement JEDDAH: Saudi builder Dar al-Arkan Real Estate Co has transferred $1 billion to Deutsche Bank to repay its Islamic bond, or sukuk, the firm said in a bourse statement on Saturday. "Dar al-Arkan transferred the total principal sum to Deutsche Bank, the principal paying agents, on Thursday and the sukuk account holders will receive the funds on Monday," the firm said in the statement. Dar al-Arkan, the kingdom's largest property developer, has issued three international sukuks and one domestic in the past five years, raising a total of $2.25 billion, the firm said in the statement. Dar al-Arkan had earlier said that it would use cash and proceeds from land sales to repay the bond. Copyright Reuters, 2012 ...

Nigeria to auction 75bn naira of bonds on July 18  LAGOS: Nigeria plans to raise 75 billion naira ($466.30 million) through sovereign bonds ranging between 5 and 10 years at its regular auction on July 18, the Debt Management Office (DMO) said on Thursday.   The debt office said it would sell 25 billion naira each in the 5-, 7- and 10-year paper with term-to-maturity of four years and eight months, six years and 10 months, and nine years and five months respectively.  The bonds are ...
Bond inflows support South Africa JOHANNESBURG: South African government bonds hit fresh record highs early on Wednesday, supported by persistent foreign buying and local investors pricing in a dovish central bank statement at a monetary policy decision next week. The rand firmed 0.27 percent against the dollar to 8.1980 at 0630 GMT, compared to a 8.22 close in New York. Dealers said although yields have plunged too quickly and aggressively, it was hard to call a reversal just yet as offshore buying ...
Egypt sells reopened bonds worth 3 billion EGP  CAIRO: Egypt's central bank sold 3 billion Egyptian pounds ($495.3 million) in five and ten-year bonds on Monday, the same amount it had initially sought, the central bank of Egypt said. The bank sold 2 billion pounds of the reopened five-year bonds and 1 billion pounds of the reopened ten-year bonds. The coupon for the five-year bonds was 16.55 percent and yields ranged from 16.52 percent to 16.61 percent. The ten-year coupon was 17 percent, with yields ...
Yields dip as Egypt sells 3.5bn pounds of bonds  CAIRO: Egypt's central bank sold 3.5 billion Egyptian pounds ($577.65 million) in three and seven-year bonds on Monday, the same amount it had sought, the finance ministry said. The average yield on 2 billion pounds of three-year bonds was 16.18 percent with a range of 16.1 to 16.21 percent, less than the average 16.21 percent yield on three-year bonds sold on June 4. The average yield on 1.5 billion pounds of re-opened seven-year bonds was 16.91 percent, ...
Egypt to offer 3.5bn EGP in bonds  CAIRO: Egypt's Ministry of Finance will offer 3.5 billion Egyptian pounds ($578 million) in bonds at an auction on July 2, the central bank said on Monday. It will offer 1.5 billion pounds in reopened seven-year bonds maturing on April 3, 2019 with a coupon of 16.85 percent, and 2 billion pounds in three-year bonds maturing on July 3, 2015, the bank said. Settlement for the bonds, which the central bank is selling on behalf of the ...
Kenya NAIROBI: State-run Consolidated Bank of Kenya will issue a 4 billion shilling ($47.8 million) medium-term corporate bond, market regulator Capital Markets Authority (CMA) said on Friday. Although the east African nation's debt market has boomed in recent years as investors searched for higher yields, corporate issuance has lagged behind government bonds, with only seven outstanding corporate bonds issued on the Nairobi Securities Exchange. CMA said it had approved the issuance plan by Consolidated. "The approval will enable the ...

 



 
Index Closing Chg%
Arrow DJIA 16,374.76 0.14
Arrow Nasdaq 4,733.50 0.35
Arrow S&P 1,951.13 0.12
Arrow FTSE 6,194.10 1.82
Arrow DAX 10,317.84 2.68
Arrow CAC-40 4,653.79 2.17
Arrow Nikkei 18,182.39 0.48
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,764.78 1.22





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln