05292016Sun
Last update: Sun, 29 May 2016 10am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Yields drop on Egyptian debt at Monday auction CAIRO: Egypt's five-year bond yield drop at Monday's auction, data from the central bank showed. The average yield on the five-year treasury bond dropped to 15.658 percent from 15.678 percent at the last auction on March 28. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Togo to auction 2-year bond of 35bn CFA on March 30 ABIDJAN: Togo will issue a two-year bond of 35 billion CFA franc ($59.77 million) on March 30, West Africa's regional debt planning agency said. The bond, which will have a multiple rate, will be sold in units of one million CFA francs to investors across the eight-nation CFA franc currency zone via an auction organized by the Central Bank of West African States, a statement by UEMOA-Titres said late on Monday.Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Egypt's 5-year, 10-year treasury bond yields jump at Monday's auction CAIRO: Egypt's 5-year and 10-year treasury bond yields jumped at Monday's auction, data from the central bank showed, hours after the central bank devalued the pound in a special foreign currency auction, as bankers expect an imminent rate hike. Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy in an effort to rebalance markets and ease a foreign exchange shortage that had stifled business ...

Markets - Fixed Income - Middle East & Africa

Yields on Kenya 364-day, 182-day T-bills fall NAIROBI: The weighted average yield on Kenya's 364-day Treasury bills fell to 12.838 percent at auction on Wednesday from 13.250 percent last week, the central bank said. The yield on the 182-day bill dropped to 11.267 percent from 11.925 percent last week. The bank received bids worth 22.8 billion shillings ($225 million) for the 12 billion shillings it offered across the two bonds. It accepted 15 billion shillings. Next week, the bank will sell bills ...

Markets - Fixed Income - Middle East & Africa

Yields on Uganda's Treasury bills fall at auction KAMPALA: Rates on Uganda's Treasury bills fell on all tenors at an oversubscribed auction on Wednesday, where a total of 185 billion shillings ($55.39 million) worth of debt was on offer.The rate on the benchmark 91-day Treasury bills fell to 18.417 percent at the sale from 20.993 percent at the last auction on February 17.Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Nigeria to raise 329.93bn naira in treasury bills LAGOS: Nigeria plans to raise 329.93 billion naira in treasury bills with maturities range between 3-month and 1-year at an auction on March 2, the central bank said on Wednesday.The bank said it would issue 57.85 billion naira in the 3-month bill, 50 billion naira in the 6-month paper and 222.08 billion naira in the 1-year debt, using the Dutch Auction System.Nigeria issues treasury bills to help manage banking system liquidity and provide cash flow ...

Markets - Fixed Income - Middle East & Africa

Bahrain opens books through a bond re-tap; offers higher yield DUBAI: Bahrain has started taking orders again to raise funds through a re-opening of its previous two-part bond sale, which it plans to close as soon as Tuesday, a document from lead arrangers showed. On Thursday, Bahrain's government cancelled a $750 million bond tap after pricing the deal, following Standard & Poor's decision to downgrade its rating of the kingdom's debt to junk status.The finances of the small energy exporter, with less generous oil and ...