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19 October 10:47 PM

Bonds

The UAE has raised its holdings of US Treasury bonds by 0.2% month-on-month
17 October 04:15 PM UAE raises holdings of US Treasury bonds in August
By: Enas Bahgat UAE – Mubasher: The UAE has raised its holdings of US Treasury bonds by 0.2% month-on-month, or $100 million, in August to $49.4 billion from $49.3 billion, data by the US Department of the Treasury showed. Year-on-year, the GCC …
Bonds
Egypt's foreign reserves hit $45.117 billion at the end of September
17 October 01:58 PM Egypt’s holdings of US Treasuries rise to highest level in 10M
By: Heba El-Kordy Cairo – Mubasher: Egypt’s holdings of US Treasuries increased to $2.164 billion in August, hitting its highest level since October 2018, compared to $2.145 billion in July, data by the US Department of the Treasury showed. …
Bonds
Kuwait ranked the third Arab holder of the US treasury securities
17 October 11:03 AM Kuwait’s holdings of US Treasuries hit $44.1bn in August-19
By: Eman Ghaly Mubasher: Kuwait's holdings of the US Treasury bonds increased by 1.4% year-on-year to $44.1 billion in August 2019 when compared to $43.5 billion, according to data by the US Department of the Treasury. Month-on-month, the …
Bonds
The sukuk has a coupon rate of 3.875%
16 October 09:39 AM Aldar’s unit raises $500m in sukuk placement
Abu Dhabi - Mubasher: Aldar Investment Properties, a wholly-owned subsidiary of Aldar Properties, announced it has raised a nominal amount of $500 million by placing a fixed rate US dollar-denominated sukuk with a tenor of 10 years. The …
Bonds
The bonds recorded a demand volume worth of KWD 2.53 billion
15 October 03:42 PM Kuwait C.bank’s KWD 240m bonds oversubscribed one time
Mubasher: The Central Bank of Kuwait (CBK) announced that its latest bonds and related tawarruq issuance was oversubscribed one time. The KWD 240 million issuance recorded a demand volume worth of KWD 2.53 billion, according to the latest data …
Banking and Finance
Banks’ total investments rose to AED 91.2 billion at the end of August 2019
15 October 12:12 PM UAE banks invest AED 10.3bn in bonds in 8M
UAE – Mubasher: Banks operating in the UAE have invested AED 10.3 billion in bonds during the first eight months of 2019, Emirates News Agency (WAM) reported. Accordingly, the banks’ total investments rose by 12.7% year-on-year to AED 91.2 billion …
Bonds
The average yield on the seven-year notes registered 14.21%
14 October 05:49 PM CBE sells EGP 6.8bn T-bonds on Monday
By: Heba El-Kordy Cairo – Mubasher: The Central Bank of Egypt (CBE) on Monday announced the sale of three- and seven-year treasury bonds (T-bonds) worth EGP 6.8 billion after originally offering T-bonds valued at EGP 4.25 billion on behalf of the …
The bonds carry a maturity period of three months
14 October 02:30 PM Kuwait’s C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) issued bonds and related tawarruq worth KWD 240 million with a 3% rate of return. The bonds carry a maturity period of three months, CBK disclosed on Monday.    Bonds and related Tawarruq are local bonds …
Central Banks
The issuance will be used to finance the country’s budget deficit
14 October 10:19 AM CBE issues EGP 4.25bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 4.25 billion on Monday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bonds stands at EGP 2.25 billion and will be offered …
Macroeconomics
Aldar plans to sell sukuk with a 10-year maturity and a benchmark size of not less than $500 million
8 October 03:59 PM Aldar Properties’ arm appoints banks for US dollar sukuk issue
Abu Dhabi – Mubasher: Aldar Investment Properties, a wholly-owned subsidiary of the leading Abu Dhabi-based developer Aldar Properties, has appointed a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or …
Companies Investments
The issuance will be used to finance the country’s budget deficit
7 October 10:52 AM CBE issues EGP 3.75bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) valued at EGP 3.75 billion on Monday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bonds will be offered through five-year notes worth …
Bonds
The kingdom plans to issue SAR 118bn bonds in 2019
5 October 10:15 PM Saudi banks add SAR 74.54bn to gov’t bonds ownership in August
By: El Sayed Gamal Riyadh – Mubasher: Saudi banks increased their government bond holdings by 25.6%, or SAR 74.54 billion, year-on-year in August 2019, according to recent data released by the Saudi Arabian Monetary Authority (SAMA). Saudi banks’ …
Bonds
Egypt mulls issuing sukuk, green bonds, and Panda bonds
3 October 04:20 PM Egypt seeks to raise share of long-term debt to 40% in FY19/20
Cairo – Mubasher: Egypt is looking to increase its share of long-term debt to 40% of annual local issuance by the end of fiscal year 2019/2020 from 5% in FY17/18, the country’s finance minister Mohamed Maait said in an interview with Bloomberg.  …
National Industries Group Holding is dually listed
2 October 04:31 PM CMA nods to National Industries’ KWD 30m bond issue prospectus
Mubasher: The Capital Markets Authority (CMA) in Kuwait approved for the National Industries Group Holding, on 1 October, on the private offering prospectus for the issuance of up to KWD 30 million ($99 million) worth of bonds. The company, dually …
Bonds
JP Morgan Chase & Co's Sjoerd Leenart
2 October 01:03 PM MENA sees $80bn inflows from bond market in 2019 - Sjoerd Leenart
Mubasher: The Middle East has attracted $80 billion inflows from the bond market in 2019, Sjoerd Leenart, head of Global Corporate Banking and regional head for Central & Eastern Europe, Middle East, and Africa at JP Morgan Chase & Co, told …
Macroeconomics
The sukuk and bond were listed on the exchange on 30 September 2019
2 October 11:46 AM DP World lists $1bn sukuk, bond on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai on Wednesday revealed it has welcomed the listing of a $500 million sukuk as well as a $500 million conventional bond issued by the global port operator DP World. The sukuk and bond were listed on the exchange on 30 …
Corporate Actions
This rating comes in line with the Aa2 long-term issuer rating of Abu Dhabi gov't
2 October 10:22 AM Moody's assigns Abu Dhabi's $10bn three tranche bond rating at Aa2
UAE – Mubasher: Moody's Investors Service, the bond credit rating business of Moody's Corporation, announced it has assigned a senior unsecured rating to the $10 billion three tranche bond issued by the Government of Abu Dhabi at Aa2, with a …
Ratings
The six-month bonds will be due on 31 March 2020
1 October 04:00 PM Kuwait’s C.bank offers KWD 240m bonds; oversubscribed 10.9 times
Mubasher: The Central Bank of Kuwait (CBK) issued bonds and related Tawarruq worth KWD 240 million ($791 million) on Tuesday with a 3.125% rate of return. The issue was oversubscribed by 10.96 times, while the total purchase orders registered KWD …
Bonds
Sultan Center Food will issue a related-prospectus
30 September 12:34 PM Sultan Center Food to issue KWD 15m convertible bonds
Mubasher: Sultan Center Food received the approval of Kuwait’s Capital Markets Authority (CMA) to issue convertible bonds at a value not exceeding KWD 15 million that can be transferred into shares in the firm’s capital. These bonds will be …
Companies Investments
Taqa completes issuance of $500 million senior unsecured notes
29 September 04:13 PM Taqa raises $500m via 30-yr bonds issue
Abu Dhabi – Mubasher: Abu Dhabi National Energy (Taqa), listed on the Abu Dhabi Securities Exchange (ADX), announced the completion of $500 million senior unsecured notes issuance. The notes will carry a coupon and a re-offer yield at a rate of 4% …
Corporate Actions
Samba’s orderbook showed a significant diversity
26 September 05:06 PM Samba prices $1bn int’l 5-year bond; 1st transaction in 13 yrs
Riyadh – Mubasher: Samba Financial Group succeeded to price a $1 billion bond due in five years in 2024. Marking the firm’s first transaction since 2006, the bond was priced at a fixed coupon rate of 2.75% per annum. The firm’s orderbook …
The transaction has received around $1.5 billion in final order book
25 September 04:08 PM National bank of Fujairah raises $350m in 5-yr bonds
Abu Dhabi - Mubasher: National Bank of Fujairah (NBF) announced the successful completion of a $350 million five-year bond issuance of Additional Tier 1 with a coupon of 5.875%. The transaction has received around $1.5 billion in final order book …
Bonds
The average yield on five-year notes declined to 14.35%
25 September 02:19 PM Foreign investors flock to buy Egypt’s T-bonds
Cairo – Mubasher: Investors have been flocking to purchase Egypt’s five-year and ten-year treasury bonds (T-bonds). According to data released by the Egyptian Cabinet's media center, the average yield on ten-year T-bonds fell by 3.74% to 14.417% …
Macroeconomics
The issue has a 12-month maturity period
24 September 04:42 PM Bahrain C. bank sells BHD 100m bonds
Mubasher: The Central Bank of Bahrain (CBB) has announced that its BHD 100 million bond issue was oversubscribed by 233%, according to a statement released on Tuesday. The issue has a 12-month maturity period, which will begin on 27 June 2019 and …
Central Banks
The Central Bank of Kuwait
24 September 03:57 PM Kuwait C. bank issues KWD 6bn bonds, related tawarruq in 9M
By: Eman Ghaly Mubasher: The value of the issues of bonds and related tawarruq issued by the Central Bank of Kuwait (CBK) declined by 6.67% year-on-year during the first nine months of 2019, according to a survey conducted by Mubasher. The value …
Central Banks