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Last update: Sun, 11 Dec 2016 02pm

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Burkina Faso to issue two-year 35bn CFA bond on Oct.27 ABIDJAN: Burkina Faso will issue a 35 billion CFA franc ($59 million) two-year bond on Oct. 27, a statement from the West African regional debt planning agency UMOA-Titres said on Wednesday. The bond with multiple interest rates will be sold in units of 1 million CFA francs to investors across the CFA franc currency zone via an auction organised by the regional bank BCEAO. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields rise on Egyptian 3-year and 7-year bonds; 1.5-year bond cancelled CAIRO: Egypt's Finance Ministry cancelled its 1.5-year treasury bond at Monday's auction while the yields on the three-year and seven-year bonds rose, data from the central bank showed. The yield on the three-year bond rose to 17.037 percent from 16.982 percent on Oct. 3 and the yield on the seven-year bond rose to 17.419 percent from 17.393 percent in the last auction. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Nigeria to auction 138bn naira in treasury bills LAGOS: Nigeria plans to sell 138.16 billion naira ($454.47 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Tuesday. In a public notice, the bank said it would raise 36.78 billion naira in three-month papers, 35 billion naira in six-month bills and 66.38 billion naira in one-year bills. Payment for the purchases would be made on Thursday. Nigeria issues treasury bills to raise cash to fund the budget deficit, ...

Markets - Fixed Income - Middle East & Africa

South Africa's rand weakens alongside commodity currencies JOHANNESBURG: South Africa's rand weakened in line with other commodity-driven currencies on Tuesday as the price of gold and other metals eased.Rand trades 0.7 percent weaker at 13.9200 by 0700 GMT, after ending Monday trade at 13.8250.Currency mirrors gold, a key export earner for South Africa, which is down in contrast with a stronger dollar amid speculation the Federal Reserve will raise U.S. interest rates in December.Local manufacturing output data at 1100 GMT to give ...

Markets - Fixed Income - Middle East & Africa

Yields on Nigerian treasury bills fall at auction LAGOS: Yields on Nigeria's short-dated treasury bills fell across the board at an auction on Wednesday, when the central bank sold bills worth 129.67 billion naira ($411.65 million). A total of 28 billion naira of 3-month paper was sold at 13.90 percent compared with 14 percent at the Sept. 21 auction, central bank data showed on Thursday.The bank sold 33.49 billion naira of 6-month debt at 17.09 percent after 17.27 percent previously. It also sold ...

Markets - Fixed Income - Middle East & Africa

Yields on Uganda's 2-year, and 15-year T-bonds fall KAMPALA: Yields on Uganda's two-year and 15-year Treasury bonds fell at auction on Wednesday where a total of 160 billion shillings ($47.13 million) worth of the two papers were offered, the central bank said.The weighted average yield on the two-year bonds declined to 15.891 percent from 16.625 percent at their last sale on August 10.The rate on the 15-year bond also dropped to 16.593 percent from 17.501 percent at the last auction also on July ...

Markets - Fixed Income - Middle East & Africa

Nigeria to raise 129.6bn naira in treasury bills next week LAGOS: Nigeria plans to raise 129.67 billion naira ($403.01 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Friday. The bank said it would raise 28 billion naira in three-month paper, 33.49 billion naira in six-month bills and 68.18 billion naira in one-year bills. Payment for the purchases will be made on Thursday, the bank said in a public notice. Nigeria issues treasury bills to raise cash to fund ...