Middle East & Africa
Monday, 02 July 2012 17:52
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CAIRO: Egypt's central bank sold 3.5 billion Egyptian pounds ($577.65 million) in three and seven-year bonds on Monday, the same amount it had sought, the finance ministry said.
The average yield on 2 billion pounds of three-year bonds was 16.18 percent with a range of 16.1 to 16.21 percent, less than the average 16.21 percent yield on three-year bonds sold on June 4.
The average yield on 1.5 billion pounds of re-opened seven-year bonds was 16.91 percent, with the range from 16.875 to 16.93 percent. That was slightly below the average yield of 16.92 percent on bonds of the same maturity sold on June 11.
The seven-year bonds, which mature on April 3, 2019, carry a 16.85 percent coupon. The three-year bonds maturing on July 3, 2015, carry a coupon of 16.15 percent.
Settlement will take place on July 3. Government bonds are sold by the central bank on behalf of the finance ministry.
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CAIRO: Egypt's Ministry of Finance will offer 3.5 billion Egyptian pounds ($578 million) in bonds at an auction on July 2, the central bank said on Monday.
It will offer 1.5 billion pounds in reopened seven-year bonds maturing on April 3, 2019 with a coupon of 16.85 percent, and 2 billion pounds in three-year bonds maturing on July 3, 2015, the bank said.
Settlement for the bonds, which the central bank is selling on behalf of the ...
NAIROBI: State-run Consolidated Bank of Kenya will issue a 4 billion shilling ($47.8 million) medium-term corporate bond, market regulator Capital Markets Authority (CMA) said on Friday.
Although the east African nation's debt market has boomed in recent years as investors searched for higher yields, corporate issuance has lagged behind government bonds, with only seven outstanding corporate bonds issued on the Nairobi Securities Exchange.
CMA said it had approved the issuance plan by Consolidated.
"The approval will enable the ...
JOHANNESBURG: Yields on South African government bonds dropped to multi-month lows on Tuesday, extending a three-week rally as investors returned to riskier emerging market assets and helped push the rand though a firm resistance level against the dollar.
The three-year bond yield dropped to a record 6.05 percent while the yield on the 14-year issue hit an eight-month low of 8.02 percent.
"The whole market has got a little bit excited. This has all been foreign-driven. We've ...
DUBAI: Emirates airline, Dubai's flagship carrier, repaid in full a $550 million Islamic bond, or sukuk, at maturity on Monday, the company said in a statement.
"The repayment of our first ever sukuk bond is part of Emirates' varied financing strategy and reflects our robust financial position," Chairman Sheikh Ahmed bin Saeed Al-Maktoum said in the statement.
"With the Eurozone debt crisis on-going it is likely that Islamic financing, with its large pool of liquidity, will play ...
KAMPALA: Uganda's central bank on Thursday said it would offer a three-year Treasury bond worth 100 billion shillings ($40 million) for auction on June 20.
The bank said in a statement the bond would have a coupon of 10.25 percent and would mature on June 18, 2015. Interest will be paid semi-annually.
Uganda last sold a three-year Treasury bond on April 25. The average accepted yield at the auction was 15.46 percent, down from 21.09 percent at ...
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