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02 July 08:58 AM

Bonds

Saudi bank investments in gov't bonds grew by 1.7% monthly
1 July 01:34 PM Saudi banks raise investments in gov’t bonds 20% in May
By: El-Sayed Gamal  Riyadh – Mubasher: Banks operating in Saudi Arabia have increased their investments in government-issued bonds by 20.2% year-on-year (YoY) in May 2020, equivalent to SAR 70.65 billion. Total bank investments in Saudi bonds came …
Sector Reports
The additional perpetual Tier 1 bonds have no maturity
30 June 10:13 AM Emirates NBD hires banks for potential US dollar bonds
Dubai – Mubasher: Emirates NBD has hired banks to call investors for potential issuance of US dollar-denominated bonds, Reuters reported. The hired banks are Emirates NBD Capital, HSBC, Standard Chartered, Bank of America, Citi, and First Abu …
Bonds
The issuance will be used to finance the country’s budget deficit
29 June 11:02 AM CBE offers EGP 6.75bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 6.75 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through five-year notes valued at EGP 3.5 …
Macroeconomics
The company will seek regulatory approval within the coming few months
28 June 03:40 PM EFG Hermes selected as advisor on Amer Group’s securitised bonds
Cairo – Mubasher: Amer Group Holding Co signed a protocol of cooperation with the Egyptian Financial Group Hermes Holding (EFG Hermes) to advise on and arrange a securitised bond transaction.   Under the protocol, EFG Hermes will act as the …
Banking and Finance
The securitised bonds will be issued for two of the top real estate companies
28 June 11:02 AM Qasatli, EFG Hermes ink EGP 1.8bn securitised bond issuance deal
Cairo – Mubasher: Mortgage finance firm Qasatli signed an agreement to issue five-year securitised bonds worth EGP 1.8 billion with the Egyptian Financial Group Hermes Holding (EFG Hermes). The securitised bonds will be issued for two of the top …
Real estate
The deal was conducted after obtaining the required approvals from bondholders
24 June 12:21 PM Raya Holding's units redeem EGP 136m securitised bonds
Cairo – Mubasher: Raya Holding for Financial Investment announced that its subsidiaries Aman Financial Services, Aman for Microfinance, and Raya Electronics have redeemed bonds worth EGP 136 million of its first securitisation issuance.   The deal …
Bonds
State-run banks are the top purchasers of the government debt instruments
22 June 10:47 AM CBE offers EGP 7bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 7 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through three-year notes valued at EGP 3.75 …
Macroeconomics
The bonds have a fixed rate to be paid every year in arrears
16 June 04:29 PM FAB sells 5-year Formosa bonds at $197m
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has sold 5-year Formosa bonds at a total value of CNY 1.4 billion ($197.3 million) and with an interest rate of 3.5%, according to Reuters. The document showed that Credit Agricole, HSBC, and …
Bonds
Saudi holdings of US T-bonds totalled $125.3 billion in April
16 June 11:43 AM Saudi Arabia’s US T-bonds holdings down 29% in April
Riyadh - Mubasher: Saudi Arabia narrowed its holdings of US Treasury bonds (T-bonds) by 29.05% year-on-year (YoY) in April 2020. The kingdom's holdings of US government bonds totalled $125.3 billion last April from $176.6 billion in April 2019, …
Banking and Finance
The UAE cut its investments in the US debt instruments in April
16 June 09:45 AM UAE lowers holdings of US Treasury bonds in April
UAE - Mubasher: The UAE has reduced its holdings of US Treasury bonds by more than 6.6% month-on-month (MoM) to $26.28 billion in April 2020, compared to around $28.03 billion in March 2020, according to the latest data by the US Department of the …
Bonds
State-run banks are the top purchasers of the government debt instruments
15 June 10:41 AM CBE offers EGP 6.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 6.5 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through five-year notes valued at EGP 3.5 …
Central Banks
The Sukuk was sold at 245 basis points over midswaps
10 June 10:10 AM DIB sells $1bn Sukuk; oversubscribed 4.5 times
Dubai – Mubasher: Dubai Islamic Bank (DIB) has sold long five-year US dollar Sukuk at a total value of $1 billion to close an offering that was postponed from earlier this year, due to the unstable financial market, according to Reuters. Due on 16 …
Banking and Finance
The bonds will be due on 8 December 2020
9 June 11:49 AM Kuwait C. bank’s bonds oversubscribed 9.93 times
Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 280 million, with a 1.375% rate of return. The issue recorded a total demand of KWD 2.78 billion and was oversubscribed by 9.93 times, according to …
Central Banks
The offering will be due after six months
8 June 03:08 PM CBK issues KWD 280m bonds
Mubasher: The Central Bank of Kuwait (CBK) has offered KWD 280 million worth of bonds and related tawarruq, with a 1.375% return rate. The bonds have a six-month maturity period, according to official data by the CBK. It is worthy to mention that …
Central Banks
FAB issued its first green bonds in 2017
8 June 03:05 PM FAB issues MENA's first green bonds in Hong Kong dollars
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has issued a five-year green bond worth HKD 750 million ($96.77 million) through a private placement. This is the first Hong Kong dollars-dominated green bond issuance in the Middle East and North …
Bonds
The issuance will be used to finance the country’s budget deficit
8 June 10:45 AM CBE offers EGP 7bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 7 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through three-year notes worth EGP 3.75 …
Banking and Finance
Abu Dhabi is raising money via bond markets
3 June 12:38 PM Abu Dhabi issues $3 billion bonds
UAE – Mubasher: Abu Dhabi has issued multi-tranch sovereign bonds at a total value of $3 billion by reopening its bond issuance programme, according to the emirate's media office. The issuance, three equal tranches with five, 10, and 30-year …
Macroeconomics
FAB sold 30-year Formosa bonds
3 June 10:12 AM FAB sells $500m Formosa bonds in May
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) sold 30-year Formosa bonds with a 0% coupon at a total value of $500 million in a private placement last month, according to Reuters. Standard Chartered has solely arranged the transaction, in which …
Banking and Finance
The bonds carry a six-month maturity period
2 June 09:32 AM Kuwait’s C. bank issues KWD 360m bonds, tawarruq
Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 360 million, with a 1.37% return rate. The issue registered total demand of KWD 3.03 billion and was oversubscribed by 8.41 times, according to …
Bonds
The issuance will be used to finance the country’s budget deficit
1 June 10:35 AM CBE offers EGP 23.25bn T-bills, bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 23.25 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes worth EGP 9.5 …
Treasury Bills
Banks were closed during the Eid holiday
31 May 10:27 AM CBE offers EGP 24.5bn T-bills, bonds on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 24.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 182-day notes worth EGP 10 …
Bonds
Investments of banks in debt instruments rose by AED 1.8 billion YoY
28 May 01:03 PM UAE’s banks raise investments in bonds, stocks in April amid COVID-19 uncertainty
UAE – Mubasher: Banks operating in the UAE increased their investments in bonds and stocks at the end of April as investors search for safe-haven investments amid the coronavirus (COVID-19) outbreak. Investments of banks in debt instruments rose …
Bonds
Egypt is expected to sell from $3 billion to $4 billion worth of bonds
21 May 02:09 PM Egypt markets 3-tranche dollar bonds
Cairo – Mubasher: Egypt started marketing US dollar-denominated bonds in three tranches with maturities of four, 12, and 30 years, Reuters reported on Thursday, citing a document from one of the banks leading the deal. The most populous Arab …
Macroeconomics
The ministry affirmed its commitment towards diversifying its financing sources
20 May 11:29 AM Egypt to accept less bids for treasury notes following IMF loan
Cairo – Mubasher: The Egyptian Ministry of Finance announced a possibility of accepting less bids for treasury bills and bonds denominated in the Egyptian pound until the end of fiscal year 2019/2020. The ministry affirmed its commitment towards …
Treasury Bills
Abu Dhabi will benefit from the bond sale for budgetary purposes
19 May 01:33 PM Abu Dhabi to offer more US dollar-denominated bonds
UAE – Mubasher: Abu Dhabi will sell extra US dollar-denominated bonds in light of the economic consequences and the decline in oil prices amid the coronavirus (COVID-19) pandemic, according to Reuters. A document, issued on Tuesday, referred that …
Bonds