08252016Thu
Last update: Thu, 25 Aug 2016 12pm

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Kenya's one-year Treasury bond yield rises to 19.441pc NAIROBI: The market-weighted average yield on Kenya's one-year Treasury bond rose to 19.441 percent at an auction on Thursday from 16.452 percent at the last sale in 2012, the central bank said. The weighted average rate of accepted bids also rose, to 19.062 percent from 16.432 percent at the last sale. The bank raised 24.97 billion shillings ($236.68 million) from the sale, falling short of its target of 30 billion shillings. Copyright Reuters, 2015 ...

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 ...

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 ...