08262016Fri
Last update: Fri, 26 Aug 2016 01pm

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Yields on Kenya 364-day, 182-day T-bills fall NAIROBI: The weighted average yield on Kenya's 364-day Treasury bills fell to 12.838 percent at auction on Wednesday from 13.250 percent last week, the central bank said. The yield on the 182-day bill dropped to 11.267 percent from 11.925 percent last week. The bank received bids worth 22.8 billion shillings ($225 million) for the 12 billion shillings it offered across the two bonds. It accepted 15 billion shillings. Next week, the bank will sell bills of all maturities worth a total 16 billion shillings in two separate auctions, it said. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields on Uganda's Treasury bills fall at auction KAMPALA: Rates on Uganda's Treasury bills fell on all tenors at an oversubscribed auction on Wednesday, where a total of 185 billion shillings ($55.39 million) worth of debt was on offer.The rate on the benchmark 91-day Treasury bills fell to 18.417 percent at the sale from 20.993 percent at the last auction on February 17.Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Nigeria to raise 329.93bn naira in treasury bills LAGOS: Nigeria plans to raise 329.93 billion naira in treasury bills with maturities range between 3-month and 1-year at an auction on March 2, the central bank said on Wednesday.The bank said it would issue 57.85 billion naira in the 3-month bill, 50 billion naira in the 6-month paper and 222.08 billion naira in the 1-year debt, using the Dutch Auction System.Nigeria issues treasury bills to help manage banking system liquidity and provide cash flow ...

Markets - Fixed Income - Middle East & Africa

Bahrain opens books through a bond re-tap; offers higher yield DUBAI: Bahrain has started taking orders again to raise funds through a re-opening of its previous two-part bond sale, which it plans to close as soon as Tuesday, a document from lead arrangers showed. On Thursday, Bahrain's government cancelled a $750 million bond tap after pricing the deal, following Standard & Poor's decision to downgrade its rating of the kingdom's debt to junk status.The finances of the small energy exporter, with less generous oil and ...

Markets - Fixed Income - Middle East & Africa

Egypt's 3-year and 7-year treasury bond yields rise at Monday's auction CAIRO: Yields on Egypt's 3-year and 7-year bonds rose at an auction on Monday while the yield on its 1.5-year zero coupon bond fell, data from the central bank showed. The yield on the 1.5-year bond fell to 12.287 percent from 12.306 percent at the last auction on Jan. 11. The yield on the 3-year bond rose to 13.029 percent from 12.400 percent at the previous auction on Jan. 24 and the yield on the ...

Markets - Fixed Income - Middle East & Africa

Bahrain working with banks to tap existing $1.5bn bond DUBAI:Bahrain is working with banks about a potential re-tap of a dollar-denominated two-part bond issued late last year, sources with knowledge of the deal told Reuters on Wednesday.The finances of the small energy exporter, with less generous oil and financial reserves than its neighbours, have been hard hit by the drop in oil prices, which touched a 12-year low earlier this month.The kingdom is working with the same five banks which arranged its $1.5 billion ...

Markets - Fixed Income - Middle East & Africa

Nigeria to sell 80 billion naira of bonds on Jan 20 LAGOS: Nigeria said on Monday it will sell 80 billion naira ($402.92 million) worth of bonds denominated in the local currency at an auction on Jan. 20, its first debt auction of the year, the Debt Management Office (DMO) said. The debt office said it will issue 40 billion naira each of bonds maturing in 2020 and 2026, using the Dutch auction system.The 2020 debt is a reopening of a previously issued bond. The 2026 ...