Fixed Income News

The bonds will be matured in three months on 14 May 2019
12 February 04:41 PM Kuwait C.bank bonds covered 15.7 times
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities valued at KWD 160 million ($528 million), with a return of 3%. The issuance has a coverage rate of 15.7 times with total demand value of KWD 2.5 billion, according to the …
CBE sold T-bills worth $1.014 billion at an average yield of 3.797%
11 February 06:27 PM CBE sells $1.014bn T-bills on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) on Monday announced selling more than it originally offered of the 364-day US dollar-denominated treasury bills (T-bills). After offering $1 billion of the one-year T-bills, the CBE sold T-bills …
The central bank issued KWD 240m bonds and securities last week
11 February 04:39 PM Kuwait C.bank issues KWD 160m bonds
Mubasher: The Central Bank of Kuwait (CBK) announced issuing bonds and securities at a total value of KWD 160 million ($527.2 million). The bonds hold a maturity period of three months, with a return of 3%, according to the central bank’s latest …
The average interest rate on government treasury bills and bonds has been raised to 18.6% in this year’s estimates
11 February 11:20 AM Egypt raises average USD exchange rate in FY18/19 budget
Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) has raised the average exchange rate of the US dollar to EGP 18 in its initial estimates of the state’s 2018/2019 budget, versus an earlier estimated average of around EGP 17.25. The average …
CBE issues $1bn T-bills Monday
11 February 10:28 AM CBE issues $1bn T-bills Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) has issued 364-day $1 billion treasury bonds (T-bills) on Monday. On 6 January, the CBE had sold US dollar-denominated T-bills worth $854.1 million at an average yield of 3.797%.  Egypt’s debt …
Saudi Arabia based issuers led the GCC in 2018
10 February 04:27 PM GCC entities issuances decline to $154bn in 2018 – Markaz
Mubasher: Consolidated primary securities issuances of entities such as central banks' local issuances, sovereign and corporate issuances in the Gulf region has decreased by 11.7% in 2018 from the prior year, according to a new report by the …
The expected return on the sukuk issue is 4.39%
6 February 03:29 PM Bahrain C.bank sukuk Al Ijara oversubscribed
Mubasher: The Central Bank of Bahrain (CBB) announced that its monthly issue of the short-term Islamic leasing bonds, sukuk Al Ijara, has been oversubscribed by 119%, according to a recent statement by the central bank. Subscription value totalled …
These bonds were previously issued in February 2014
6 February 12:11 PM KIPCO repays $233m bonds
Mubasher: Kuwait Projects Holding (KIPCO) has repaid bonds valued at KWD 232.8 million (KWD 70.6 million) as on date 5 February 2019. KIPCO has repaid the five-year bonds in addition to $5.6 million ($1.7 million) representing interests until …
The bonds will be matured in three months on 7 May 2019
5 February 03:44 PM Kuwait C.bank bonds covered 10.8 times
Mubasher: The Central Bank of Kuwait (CBK) has offered bonds and securities valued at KWD 240 million ($792.95 million) for sale on Tuesday. With a return of 3%, the bonds were covered 10.83 times at a total demand value of KWD 2.49 billion. The …
Issuing the bonds will be matured in three months
4 February 02:56 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) announced it has allocated bonds and securities valued at KWD 240 million ($793.14 million). Kuwait’s central bank clarified that issuing the bonds will be matured in three months, with a return of 3%. It …
Egypt issues EGP 1.75bn T-bonds Monday
4 February 10:25 AM Egypt issues EGP 1.75bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.75 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 1 …
Egypt's deputy finance minister Ahmed Kojak
3 February 02:21 PM Egypt’s short-term external debt hits $14bn in 2018
Cairo – Mubasher: Egypt has succeeded in cutting its short-term external debt, represented in the US dollar-denominated treasury bills, by $3.25 billion in 2018 to $14 billion, the deputy finance minister said on Sunday. The external debt has been …
Egypt's finance minister Mohamed Maait
3 February 12:07 PM Egypt eyes listing on JP Morgan's EMBI - Minister
Cairo – Mubasher: Egypt aims to join J.P. Morgan's Emerging Markets Bond Index (EMBI), the finance minister said. The move is part of the country’s strategy aiming to reduce borrowing costs and make its debt instruments more attractive, Mohamed …
The MoF will start a roadshow tour in Asia that starts from Dubai to promote the Eurobonds issue this month
3 February 11:20 AM Egypt to issue sukuk for 1st time in FY19/20
Cairo – Mubasher: Egypt’s Ministry of Finance (MoF) may issue international sukuk for the first time in fiscal year 2019/2020, a government source said. The sukuk will be issued at a value of $1 billion to $1.5 billion as an Islamic bond pilot …
CBE issues EGP 18bn T-bills Thursday
31 January 10:40 AM CBE issues EGP 18bn T-bills Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18 billion on Thursday on behalf of the Ministry of Finance (MOF). The issue will be used to finance the budget deficit, the CBE said. The first …
4 GCC states to enter J.P. Morgan EMBI Thursday
30 January 09:54 AM J.P. Morgan EMBI to welcome listing of 4 GCC states' bonds Thursday - Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE, Saudi Arabia, Kuwait, and Bahrain are scheduled to join the J.P. Morgan Emerging Market Bond Index (EMBI) on Thursday, 31 January. Listing of these countries on the EMBI paves the way for pumping around …
The yield of the three-month bond issue amounted to 3%
28 January 02:29 PM Kuwait C.bank issues KWD 200m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities worth a combined KWD 200 million ($660.16 million). The yield of the three-month bond issue amounted to 3%, according to a statement on Monday. This issue is consistent …
The ministry has also selected another four banks as the bookrunners of the euro-denominated bonds
28 January 12:56 PM Egypt selects 4 banks to arrange dollar, euro-denominated bond sale
Cairo – Mubasher: Egypt’s Ministry of Finance (MoF) on Monday announced the completion of examining the proposals of local and international legal advisors and banks for a dollar, euro-denominated bond sale this fiscal year. The MoF has picked up …
Egypt issues EGP 1.25bn T-bonds Monday
28 January 10:22 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 five-year notes at EGP 750 …
CBE issues EGP 17bn T-bills Sunday
27 January 10:21 AM CBE issues EGP 17bn T-bills Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 17 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 8.5 billion, …
CBE issues EGP 17.75bn T-bills Wednesday
23 January 11:03 AM CBE issues EGP 17.75bn T-bills Wednesday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 17.75 billion on behalf of the Ministry of Finance (MOF) on Wednesday, instead of Thursday. The CBE and the Egyptian Exchange (EGX) had announced that …
The new issuances or capital hikes rose by 34% last year to EGP 159 billion in 2018
22 January 01:40 PM Egypt issues EGP 220bn shares, bonds in 2018
Cairo – Mubasher: The issuances of shares and bonds in the Egyptian market valued at EGP 220.2 billion in 2018, 52.3% up from EGP 143.6 billion in 2017, the head of Financial Regulatory Authority (FRA) said on Tuesday in a press conference. The …
Total yields on Egypt’s 273-day and 91-day T-bills sold in Sunday’s auction amounted to EGP 20.5 billion
21 January 01:30 PM Yields on Egypt’s T-bills hit lowest in 8M
By: Heba El-Kordy Cairo – Mubasher: Total yields on Egypt’s 273-day and 91-day treasury bills (T-bills) sold in Sunday’s auction amounted to EGP 20.5 billion, up EGP 3.5 billion than the requested sum of EGP 17 billion, data by the Central Bank of …
The indexes will track notes from 15 eligible issuers with about $119 billion face value
20 January 12:23 PM 5 GCC nations to join JPMorgan’s bond index in January
Mubasher: Five GCC countries topped by Saudi Arabia are to join JPMorgan Chase & Co.’s emerging-market bond indexes this month. The inclusion lays the ground for billions of dollars in inflows into the securities, Bloomberg News reported. The bond …
The average yield of the 182-day notes reached 18.82%
20 January 11:53 AM Yields on Egypt’s T-bills hit lowest since August
By: Heba El-Kordy Cairo – Mubasher: Yields on Egypt’s 364-day treasury bills (T-bills) sold in Thursday’s auction amounted to 18.9%, registering an all-time low since August 2018, with EGP 18.9 billion in proceeds, data by the Central Bank of …