07262016Tue
Last update: Tue, 26 Jul 2016 05am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Kenya 91-day Treasury bill yield jumps to 11.398pc in auction NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill rose to 11.398 percent at auction on Thursday, the central bank said. The bank accepted bids worth 2.78 billion shillings ($27.20 million), rejecting the bulk of the bids which totalled 7.62 billion shillings, a subscription rate of 190.51 percent. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields on Egypt's 91-day and 266-day t-bills rise CAIRO: Yields on Egypt's three and nine-month treasury bills rose at Sunday's auction, data from the central bank showed. The average yield on Egypt's 91-day bill rose to 11.358 percent from 11.336 percent on Dec. 27 and the yield on the 266-day bill jumped to 11.859 from 11.796 percent in a similar auction on Dec 27. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Egypt bond auction yields to rise no more than 20 bps after rate hike CAIRO: Yields on Egypt's 18-month, three-year, and seven-year Treasury bonds are likely to rise by no more than 20 basis points at an auction on Monday, bankers said, despite a 50 basis point rise in interest rates just four days ago.The bond auction is the first since the central bank's monetary policy committee (MPC) raised interest rates on Thursday, citing inflationary pressures.That fuelled expectations that government debt yields would increase by at least 50 basis ...

Markets - Fixed Income - Middle East & Africa

UAE's Commercial Bank International issues $125mn in Tier 1 bonds DUBAI: Commercial Bank International (CBI), the Abu Dhabi-listed lender, said on Tuesday it has issued $125 million worth of capital boosting perpetual bonds.The lender said the bond which will boost its tier 1 ratio - regarded as one of the key indicators of a bank's health - has been privately placed, according to a statement to the bourse.The transaction would be settled on Wednesday, it said.Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Egypt's 5-year, 10-year treasury bonds steady at auction CAIRO: Yields on five-year and 10-year treasury bonds were steady at an auction on Monday, data from the central bank showed.The average yield on Egypt's five-year bond rose marginally to 13.174 percent from 13.172 percent in the previous auction, on Dec. 7, while yields on the 10-year bond dropped marginally to 15.365 percent from 15.373 percent on Dec. 7.Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Yields on Egypt's 91-day and 266-day t-bills steady CAIRO: Yields on Egypt's three and nine-month treasury bills are almost unchanged at Sunday's auction, data from the central bank showed.The average yield on Egypt's 91-day bill dropped marginally to 11.176 percent from 11.186 percent on Dec 13 and the yield on the 266-day bill rose marginally to 11.607 from 11.604 percent in a similar auction on Dec. 13.Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Ugandan offers 2-, and 10-year bonds for sale KAMPALA: Uganda said on Monday it will offer a re-opened two-year and a new 10-year fixed coupon Treasury bond to raise a combined 180 billion shillings ($52 million) in a sale on Dec. 30, the central bank said.At the last sale on Dec. 2, the two-year bonds fetched a weighted average yield of 20.100 percent, while 10-year bonds fetched a rate of 19.106 percent when last sold on Oct. 7. Bond auction details shown below.Copyright ...