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Yield on Egypt 9-month T-bills falls CAIRO: Yields on Egyptian nine-month treasury bills tumbled by half a percentage point at an auction on Sunday ahead of a central bank policy meeting later this month, while yields on the three-month bill rose slightly, the central bank said.The average yield on 91-day treasury bills inched up to 11.498 percent from 11.473 percent at last week's auction, while the yield on 273-day T-bills fell to 12.031 percent from 12.547 percent, the central bank said.The bank sold 2 billion Egyptian pounds ($284.93 million) of the 91-day T-bills and 4 billion pounds of the 273-day bills, the amounts it had sought."The market is currently pricing in a rate cut by the Central Bank of Egypt in its next meeting on Sept. 19," said one Cairo-based fixed-income trader."Judging that the 9-month yield went down by about 50 basis points, we can say that the market expects the rate cut to be around ...

Kenya to sell up to 20bn shillings of two-and 10-year bonds NAIROBI: Kenya will auction a two-year Treasury bond and re-open an existing 10-year bond worth up to 20 billion shillings ($229 million) on Aug. 21, the Central Bank of Kenya said on Thursday.The bank said the 10-year bond would be priced to yield 12.371 percent, while the return on the two-year paper will be determined by the market.Kenya paid a weighted average yield of 12.940 percent at the last sale of a two-year bond in ...
South African bonds, rand largely steady ahead of rates call JOHANNESBURG: South African government bonds were largely steady and the rand was not far off previous closing levels against the dollar on Thursday, ahead of the central bank's decision on interest rates.Markets and economists widely expect the Reserve Bank to keep the benchmark repo at a four-decade low of 5 percent, but will monitor governor Gill Marcus's speech that starts at 1300 GMT to gauge whether her concerns have shifted about rising inflation pressures and ...
Nigeria to raise 55bn naira bonds LAGOS: Nigeria plans to sell 55 billion naira ($340.14mn) in bonds with maturities of five and 20 years at its seventh monthly debt auction of the year on July 17, the Debt Management Office said on Tuesday.The debt office said it would issue 20 billion naira in debt notes maturing in April 2015 and 35 billion naira in the July 2030 paper, using the Dutch Auction system.All the notes are re-openings of previously issued paper ...
Egypt pound inches weaker at Monday forex auction CAIRO: The Egyptian pound edged weaker at a central bank foreign exchange auction on Monday but it strengthened on the black market.The bank said it sold $38.9 million to banks at the auction, with the cut-off price weaker at 6.9858 Egyptian pounds to the dollar compared to 6.9835 at Thursday's auction.On the black market, one dealer in central Cairo quoted 7.55 pounds to buy dollars and 7.60 pounds to sell dollars, compared to 7.58 and ...
South Africa Treasury says appoints managers for foreign loan JOHANNESBURG: South Africa's Treasury has appointed Standard Bank, Deutsche Bank and Rand Merchant Bank as joint-lead managers and Investec as co-lead manager for the issuance of a foreign currency loan, it said on Wednesday."The loan will form part of the government's financing of its foreign currency commitments as stipulated in the 2013 budget documents," it said, adding that the process of issuing a Sukuk remained in place as a medium-term project. Copyright Reuters, 2013 ...
Oman govt considers dollar bond issue in 2014: central.bank DUBAI: Oman's government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular bond sales in the future, the oil exporter's central bank said on Wednesday."By re-establishing Oman's presence in the international bond market, a sovereign issue could pave the way for regular deficit financing through bond issues in future, if need be," it said in a financial stability report. Copyright Reuters, 2013 ...

 



 
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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 20, 2014
Reserves $13.436 bln