Fixed Income News

Tabreed to begin dollar-denominated sukuk roadshow
17 October 03:41 PM Tabreed to begin dollar-denominated sukuk roadshow
Dubai – Mubasher: National Central Cooling Co. “Tabreed” on Wednesday announced plans to launch fixed-rate US dollar-denominated sukuk and begin a roadshow to market the sukuk. The seven-year sukuk will be marketed through a series of fixed income …
GCC members raise holdings in US T-bills
17 October 01:52 PM GCC members raise holdings in US T-bills
By: Mahmoud Gamal Mubasher: GCC member states have raised their holdings of US treasuries and bonds by a combined 0.9% to $285.574 billion in August from $283 billion in July. Globally, China continued to take the lead on US treasury holdings. …
Egypt issues EGP 1.25bn T-bonds Monday
15 October 10:24 AM Egypt issues EGP 1.25bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.25 billion on Monday on behalf of the Ministry of Finance (MOF). The first tranche of T-bonds will be offered through three-year notes at EGP 750 …
CBE issues EGP 18.25bn T-bills Sunday
14 October 10:51 AM CBE issues EGP 18.25bn T-bills Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.25 billion on Sunday on behalf of the Ministry of Finance (MOF). The first tranche of T-bills will be offered through 91-day notes at EGP 9.75 …
Kuwait’s holdings of the US bonds increased by 30% YoY in July
19 September 02:30 PM Kuwait’s US Treasury holdings remain unchanged in July
Mubasher: Kuwait’s holdings of the US Treasury bonds remained unchanged at $42.9 billion in July when compared to June 2018, according to the latest official data. In June 2018, the country’s holdings of the US Treasury bonds decreased to $42.9 …
Qatari long-term holdings amounted to $1.3 billion in July
19 September 01:57 PM Qatar’s US Treasury holdings hit $1.3bn in July
Mubasher: Qatar’s holdings of US government debt witnessed an 18.2% month-on-month growth in July.   Qatari long-term holdings amounted to $1.3 billion in July, up from $1.1 billion a month earlier, the US Treasury Department said on Wednesday. …
Al Hilal Bank's issuance was nearly three times oversubscribed
19 September 01:37 PM Al Hilal Bank closes $500m senior 5-yr sukuk
Abu Dhabi – Mubasher: Al Hilal Bank has successfully issued $500 million five-year senior sukuk, which are considered the UAE’s first senior public sukuk since April. The transaction was the result of the bank’s extensive marketing strategy that …
Saudi holdings of US debt instruments hit $167bn in July
19 September 11:29 AM Saudi holdings of US debt instruments hit $167bn in July
Riyadh – Mubasher: Saudi holdings of US debt instruments increased by $24.3 billion, or 17.05% year-on-year in July, reaching $166.8 billion from $142.5 billion, data released by US Department of the Treasury showed. Month-on-month, the kingdom’s …
DP World plans to repurchase $650 million sukuk
11 September 12:32 PM DP World plans to repurchase $650m sukuk
Dubai – Mubasher: DP World on Tuesday announced plans to repurchase $650 million of its outstanding sukuk due in 2019. The company will pay $1,032 for every $1,000 worth of sukuk owned, in principal amount, it said. "The offer will expire at 4:00 …