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Egypt studying international bond issue: sources CAIRO: Egypt's finance ministry is studying the possibility of issuing its first international bond since 2010, two officials told Reuters, as investor confidence in the country gradually returns after the turmoil which followed the 2011 revolution.A government official with knowledge of the matter said Egypt had discussed with banks the possibility of an international eurobond issue of between $750 million and $1 billion, "whenever the time and need is appropriate to cover the budget gap".A second official confirmed this, adding that the bond issue would mainly be aimed at Gulf Arab investors. The officials, who declined to be named because of the sensitivity of the issue, did not provide further details.Because of its political and economic instability, Egypt has been frozen out of the international debt market since president Hosni Mubarak was ousted in early 2011. But confidence is slowly reviving on the back of billions of dollars of aid ...

South Africa's rand firmer, could weaken if GDP below forecasts JOHANNESBURG: South Africa's rand touched a 1-1/2 week high against the dollar on Friday, supported by a risk-positive global environment, but could retreat next week if GDP data comes in weaker than expected, undermining the case for more rate hikes this year. By 1535 GMT the rand was trading at 10.3055 to the greenback, up 0.22 percent from Thursday's New York close at 10.3280. Government bonds were little changed from their previous close, with the ...
Egyptian T-bill yields fall for second auction in a row CAIRO: Average yields on Egyptian 91- and 266-day treasury bills fell for the second auction in a row on Sunday, coming down from their high of several months, days before Egypt is due to hold presidential elections.For the 91-day t-bill, average yields fell to 10.449 percent from 10.564 percent. For the 266-day bill, they fell to 10.787 percent from 10.942 percent at their last auction on May 11. Sunday's yields were the lowest for the ...
Nigeria to raise 121bn naira in T-bills LAGOS: Nigeria plans to raise 121.32 billion naira ($747 million) via short-dated treasury bills at an auction next week, the central bank said on Wednesday. The bank said it will sell 20.64 billion naira of 91-day paper, 25 billion naira of 182-day treasury bills and 75.68 billion one-year paper, using the Dutch Auction System. Copyright Reuters, 2014 ...
Kenya central bank says to auction 15bn shillings of 2 year T-bonds in May NAIROBI: Kenya's central bank said on Thursday it will auction up to 15 billion shillings ($172 million) of two-year Treasury bonds in May. Sale proceeds will be used for budgetary support, the Central Bank of Kenya said. The bonds will be on sale between May 7 and May 20 and auctioned on May 21. At the last sale of two-year bonds in March, the weighted average yield fell to 10.803 percent from 11.553 percent previously. ...
Egyptian treasury bill yields jump to four-month high CAIRO: Egyptian 91-day and 266-day treasury bill yields jumped to their highest in more than four months on Sunday as demand for government securities declined amid expectations of a central bank interest rate cut in the next quarter.The average yield at a sale of 2 billion Egyptian pounds ($285.41 million) of 91-day bills rose to 10.637 percent, its highest since November 26, from 10.423 percent at the last such auction on April 27.The yield at ...
Kenya Treasury bills seen easing, subscriptions to rise NAIROBI: The yields on Kenyan Treasury bills are likely to ease slightly next week, with subscription rates expected to stay high due to increased shilling liquidity in the money markets. Next week, the central bank will auction 9 billion shillings' ($103.57 million) worth of 91-day, 182-day and 364-day Treasury bills. At this week's sale on Wednesday, the weighted average yield on the 91-day bills rose slightly to 8.799 percent from 8.783 percent previously, while that ...

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln