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Last update: Sat, 30 Apr 2016 04am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Nigeria raises 172.8 bln naira in T-bills, yields mixed LAGOS: Nigeria raised 172.85 billion naira in Treasury bills with maturities of 3 months to one year at mixed returns with strong local investor demand for the note at Wednesday's auction, results released by the central bank showed on Thursday. Total bids for the debts stood at 283.58 billion naira compared with 63.55 billion naira at the previous auction on Aug. 19, boosted by increased naira liquidity in the money market from budgetary allocations for the month of July. The bank sold 17.85 billion naira of the 3-month debt at 10 percent, unchanged from the Aug. 19 auction. It auctioned 50 billion naira of six-month bills at 13.50 percent, up from 13 percent previously, while selling 105 billion naira of the 1-year debt at 14.69 percent against 14.71 percent at the Aug. 5 auction when one year paper was last issued. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Kenya's 2-year Treasury bond yield rises to 14.781pc in auction NAIROBI: The weighted average yield on Kenya's two-year Treasury bond rose to 14.781 percent in auction on Wednesday from 12.629 percent at the last sale in May, the central bank said. The central bank raised 19.41 billion shillings ($187.99 million) through the sale, falling slightly short of its target of 20 billion shillings. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Mauritius offers 2-year central bank note worth 1bn rupees PORT LOUIS: Mauritius will sell two-year Bank of Mauritius Notes worth 1 billion rupees ($28 million) this week, the central bank said on Monday. The Bank of Mauritius said in a statement it would receive bids on Aug. 4 and auction the bond on the same day. The central bank said the coupon rate would be set equal to or higher than the lowest yield at auction. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Mauritius 364-day Treasury bill yield rises to 2.44pc PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bill rose to 2.44 percent at auction on Friday from 2.21 percent at the previous sale on June 19, the central bank said. The central bank sold all 700 million rupees ($20 million) worth of debt it had offered. It received bids worth 2.55 billion rupees, at rates ranging from 2.15 percent to 3.20 percent. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Mauritius offers 15-year Treasury bond worth 1.5bn rupees PORT LOUIS: The Bank of Mauritius said on Wednesday it would auction 15-year Treasury bonds worth 1.5 billion rupees ($42.3 million) on July 15. The bank said in a statement it would receive bids and auction the bond on the same day. The bond is due on July 17, 2030. The coupon rate for the sale will be set equal to or higher than the lowest accepted yield at the auction, the bank said. Copyright ...

Markets - Fixed Income - Middle East & Africa

Nigeria plans to sell 70bn naira of bonds on July 15 LAGOS: Nigeria plans to sell 70 billion naira ($351.85 mln) worth of bonds next week, its seventh debt auction this year, the Debt Management Office (DMO) said on Tuesday. The debt office said it will issue 40 billion naira in five-year paper and 30 billion naira in the 20-year debt, using the Dutch Auction System on July 15. All are the reopening of previously issued debt. Last week the debt office said it would issue ...

Markets - Fixed Income - Middle East & Africa

Nigeria's debts hit $63.5 billion: government LAGOS: Nigeria's total debts stood at 12.06 trillion naira ($63.5 billion) at the end of March this year, up from 11.2 trillion naira in December 2014, the Debt Management Office (DMO) said on Wednesday.Nigeria, Africa's top economy and largest oil producer, has been hammered by the 50 percent fall in global oil prices as crude sales account for more than 70 percent of government revenue. Squeezed government revenues forced this year's budget to be revised ...