06302016Thu
Last update: Thu, 30 Jun 2016 02am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Nigeria bond sell-off moderates as regulator widens spreads LAGOS: The sell-off on Nigeria's benchmark 2024 bond moderated on Thursday as the market regulator widened spreads on debt after JP Morgan's decision to remove Africa's biggest economy from its bond index, dealers said on Thursday. The yield on the 10-year bond which is current listed on the JP Morgan government bond index fell to 16.63 percent in early trades on Thursday from 16.68 percent it closed on Wednesday. "The market is quiet because of wider spreads," a trader told Reuters. "The dominant players in the market are pension funds the reason there hasn't been a massive sell off." Copyright Reuters, 2015 ...

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 ...

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 ...