06262016Sun
Last update: Sun, 26 Jun 2016 11pm

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

International Bank of Qatar sets final guidance for debut dollar bond DUBAI: International Bank of Qatar (IBQ) has set final guidance for a debut US dollar-denominated bond issue, which it expects to price later on Thursday, a document from lead arrangers showed.The lender has set final guidance at 200 basis points over midswaps, the document showed, after setting initial price thoughts in the area of 200 basis points over midswaps on Wednesday. The Regulation S Senior offer would come under the A2/A+ rated IBQ's $2 billion euro medium-term note programme.IBQ order books will go subject at 0930 GMT, the document showed, without specifying the size of the bond.Citigroup, QNB Capital and Standard Chartered Bank are the joint lead managers for the transaction.Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Egyptian pound steady at official auction, stronger on parallel market CAIRO: Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency auction on Sunday, less than a week after it surprised the market by strengthening the pound. The central bank sold 37.8 million pounds at a cut off price of 7.7301 pounds to the dollar. Last week it strengthened the pound by 20 piasters from 7.9301 pounds to the dollar. Egypt, which is heavily dependent on imports ...

Markets - Fixed Income - Middle East & Africa

Egypt t-bill yields drop marginally at auction CAIRO: Yields on Egypt's three-month and nine-month treasury bills dropped marginally in Sunday's auction, the central bank said.The average yield on Egypt's 91-day bill dropped to 11.213 percent from 11.218 percent in the last auction on Nov. 8.The 273-day bill dipped slightly to 11.617 percent from 11.618 in a similar auction on November 8.Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Kenya 91-day T-bill yield falls to 9.654pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 9.654 percent at an auction on Thursday from 13.763 percent last week, the central bank said. The bank offered bills worth 6 billion shillings ($58.71 million) and received bids worth 22.85 billion shillings. It accepted bids worth 8.37 billion shillings. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Uganda's 91-day Treasury bills yield nudges lower at auction KAMPALA: Rates on Uganda's benchmark 91-day Treasury bills edged down at an oversubscribed auction on Wednesday where a total of 170 billion shillings ($48.71 million) worth of debt was on offer. During the sale, the weighted average yield on the 91-day bills went down to 21.060 percent from the 21.253 percent fetched at the last sale, held on October 28. Rates on the 182-, and 364-day tenors remained broadly stable. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Kenya debt yields steady as investors gain confidence NAIROBI: Kenya central bank governor said on Tuesday that investors were confident that the government was "on top of its borrowing plan" and this was helping stabilise yields on government securities. "In that sense there is much more credibility in terms of interest rates remaining where they are," Governor Patrick Njoroge told a senate committee after yields on Treasury bills tumbled last week after climbing well above 20 percent. The government has forecast a budget ...

Markets - Fixed Income - Middle East & Africa

Egypt's 5-Year, 10-Year treasury bonds rise marginally CAIRO: Yields on five-year and ten-year Egyptian treasury bonds rose marginally at an auction on Monday. The average yield on five-year bonds rose to 13.167 percent from 13.163 percent in the previous auction on November 2, while the yield on ten-year bonds also rose slightly to 15.373 from 15.367 percent at the last auction on November 2. The central bank had offered 3 billion Egyptian pounds for the five-year bonds and 2.25 billion pounds for ...