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Middle East & Africa


JOHANNESBURG: The rand leapt and South African government bond yields logged their steepest drop in nearly three years on Tuesday as news that local debt could be included in Citigroup's main global bond index boosted demand from local and foreign accounts. The rand jumped more than 1.8 percent against the dollar, performing the best among 20 emerging market currencies on the view that inclusion in Citigroup's World Government Bond Index could trigger billions of dollars worth of portfolio flows. The yield on the 2026 issue fell as much as 30.5 basis points, the sharpest one-day fall since May 2009, before coming back to 8.155 percent by the close, down 24 basis points from Monday's level. The yield on the three-year benchmark tumbled 21 basis points to 6.51 percent. Citi said South Africa was currently in a three-month "monitoring period" to make sure it continued to meet index entry requirements to the WGBI. These are ...

CAIRO: Egypt's central bank said it sold 3.5 billion Egyptian pounds ($579.8 million) in three and five-year bonds on Monday, the same amount it had offered. It sold 2 billion pounds in reopened three-year bonds at an average yield of 16.12 percent, with yields ranging from 16.05 to 16.15 percent. The bonds have a 16.15 percent coupon and mature on April 3, 2015. It also sold 1.5 billion pounds in new five-year bonds at an average yield ...
JOHANNESBURG: South African government bonds weakened on Thursday due to heightened risk aversion emanating from the euro zone, although movements were exaggerated by thin trading volumes ahead of the Easter market holiday. The rand was at 7.827 against the dollar at 1540 GMT, little changed from Wednesday's New York close of 7.832.    Earlier in the session the currency had been under pressure due to concerns about sovereign debt risk in the euro zone after a poor Spanish ...
CAIRO: Egypt's Ministry of Finance will offer 3.5 billion Egyptian pounds ($579.6 million) in bonds at an auction on April 9, the central bank said on Monday. It will offer 2 billion pounds in reopened three-year bonds maturing on April 3, 2015 with a coupon of 16.15 percent, and 1.5 billion pounds in five-year bonds maturing on April 10, 2017, the bank said. Settlement for the bonds, which the central bank is selling on behalf of the ...
CAIRO:Egypt's central bank sold re-opened three-year and five-year bonds worth 4 billion Egyptian pounds ($662.67 million) on Monday, the same amount that was offered, the Ministry of Finance said. The three-year bonds, totalling 2 billion pounds, mature onJan. 17, 2015, and have a coupon of 16.15 percent. Yields ranged from 16.16 to 16.28 percent, with an average of 16.25 percent. The five-year bonds mature onJan. 17, 2017, and have a coupon of 16.35 percent. The yields ranged ...
Kenya 1-year bond yield seen lower on heavy demand           NAIROBI: Kenya's one-year Treasury bond yield is expected to fall further at an auction this week thanks to heavy subscription which would allow the central bank, keen to bring down the cost of domestic borrowing, to reject less favourable bids. The Central Bank of Kenya will auction the new one-year bond worth up to 10 billion shillings ($120 million), whose coupon will be set by the market at its sale on March 20. Fixed income analysts said ...
Yields dip at sale of 7-year Egypt bonds           CAIRO: Egypt's central bank sold 1 billion Egyptian pounds ($165.7 million) in reopened seven-year bonds at an auction on Monday, the same amount it had originally sought, the finance ministry said on its website. Yields on the bonds ranged from 16.83 to 16.9 percent, with an average yield of 16.88 percent, down from 16.91 percent at an auction of seven-year bonds on March 5. The bonds mature on Oct. 25, 2018, and carry a 14.5 percent coupon. ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln