08292016Mon
Last update: Mon, 29 Aug 2016 03am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Egypt treasury bond yields slightly lower at auction CAIRO: Yields on five-year and 10-year Egyptian treasury bonds fell marginally at an auction on Monday. The average yield at a sale of five-year bonds declined to 13.172 percent from 13.173 percent at the previous auction on Nov. 23, while the 10-year bond yield fell to 15.373 from 15.378 percent last month. The central bank had offered 3 billion Egyptian pounds of the five-year bonds and 2.25 billion pounds of the 10-year issue and sold them all. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

National Bank of Abu Dhabi raises $200mn via 2-year note DUBAI: National Bank of Abu Dhabi (NBAD), the largest bank in the United Arab Emirates by assets, has issued a $200 million floating rate note of two years duration, it said in a bourse filing on Monday.The note will pay monthly interest starting on Dec. 20 at a variable margin over the one-month London interbank offered rate , it told the London Stock Exchange. In December 2015, the lender will pay interest of 0.05 percent ...

Markets - Fixed Income - Middle East & Africa

Yields on Egypt's Treasury bills mixed at auction CAIRO: Yields on Egypt's nine-month treasury bills dropped marginally while yields on three-month bills rose slightly at Sunday's auction, the central bank said. The average yield on Egypt's 91-day bill dropped to 11.209 percent from 11.213 percent at the last auction on Nov. 15. The 266-day bill increased slightly to 11.619 percent from 11.617 at a similar auction on Nov. 15. Copyright Reuters, 2015 ...

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 ...

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 ...