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21 October 05:32 PM

Bonds

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. …
Treasury Bills
The UAE’s investments in US debt instruments increased by 5.5% year-on-year, or $3.1 million, in August
17 October 12:04 PM UAE reduces US Treasury holdings by 1.17% in August
Dubai – Mubasher: The UAE has slashed its holdings of the US Treasury bonds by 1.17% month-on-month to $59 billion in August, from $59.7 billion, according to official data.  The Gulf country’s investments in US debt instruments increased by 5.5%, …
Bonds
Qatari long-term holdings amounted to $1.338 billion in August
17 October 11:50 AM Qatar’s US Treasury holdings hit $1.34bn in August
Mubasher: Qatar’s holdings of US debt instruments witnessed a 0.07% month-on-month growth in August. The gas-rich nation's long-term holdings amounted to $1.338 billion in August, up from $1.337 billion a month earlier, the US Treasury Department …
Treasury Bills
The Gulf country’s holdings of the US Treasuries grew to $43.6 billion in August
17 October 11:30 AM Kuwait’s US Treasury holdings rise 22.5% in August
Mubasher: Kuwait’s holdings of the US Treasury bonds increased by 22.5% year-on-year in August. The Gulf country’s holdings of the US debt instruments grew to $43.6 billion in August when compared to $35.6 billion in the same month a year earlier, …
Macroeconomics
Saudi Arabia topped the Arab holders of the US debt instruments
17 October 10:46 AM Saudi Arabia raises US Treasury holdings to $170bn in August
Riyadh – Mubasher: Saudi Arabia has raised its holdings of US debt instruments by 22.9% year-on-year, or $31.6 billion, to  $169.5 billion in August, compared to $137.9 billion, the US Department of the Treasury’s data on Wednesday. On a monthly …
Macroeconomics
Kuwait’s central bank said that this bond issue has a maturity of three months with a yield of 2.75%.
15 October 04:54 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities valued at KWD 240 million ($793.28 million), according to a statement on Monday. Kuwait’s central bank said that this bond issue has a maturity of three months with a yield …
Bonds
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 …
Bonds
UAE’s new public debt law to boost investor confidence
14 October 09:18 AM UAE’s new public debt law to boost investor confidence - Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE’s issuance of a new public debt law is a historic milestone, an economist told Mubasher, noting that the law would bolster international investors’ confidence in the country. The UAE may even offer a …
Macroeconomics
The Ministry of Finance
13 October 05:55 PM Egypt mulls issuing int’l bonds in Asia
Mubasher: The Egyptian government considers issuing international bonds in currencies other than the euro and the US dollar.  Asian markets could be the destination for the upcoming debt instruments issuance, finance minister Mohamed Maait told …
Macroeconomics
Egypt to issue $5bn Eurobonds early 2019
11 October 12:38 PM Egypt to issue $5bn Eurobonds early 2019
Cairo – Mubasher: Egypt is planning to offer Eurobonds worth around $5 billion for sale early 2019, finance minister Mohamed Maait told Enterprises. A government source previously said that the North African nation was looking to issue Eurobonds …
Bonds
Egypt to issue $20bn Eurobonds until 2022
10 October 11:41 AM Egypt eyes $20bn Eurobond sale until 2022
Cairo – Mubasher: Egypt is planning to issue Eurobonds worth $20 billion until 2022, a government source said. The source has not revealed any further details regarding the issue timeframes or its currencies. In January 2017, former finance …
Macroeconomics
NBF’s ordinary shares rose to 1.47 billion shares instead of 1.64 billion shares
9 October 02:11 PM NBF converts AED 500m notes into shares
Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) on Tuesday announced that it has converted the first tier of capital notes amounted to AED 500 million into 175.4 million ordinary shares. The bank’s ordinary shares rose to 1.47 billion shares …
Corporate Actions
CBE issues EGP 19.25bn treasury securities Sunday
8 October 11:11 AM CBE issues EGP 19.25bn treasury securities Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) and treasury bonds (T-bonds) worth a combined EGP 19.25 billion on Sunday on behalf of the Ministry of Finance (MOF). The bank will issue T-bills worth around …
Bonds
GIB suspends dollar-denominated bond issue
7 October 04:46 PM GIB suspends dollar-denominated bond issue
Mubasher: Bahraini lender, Gulf International Bank (GIB), which is indirectly owned by the Saudi government through the Public Investment Fund (PIF) has said that it will camcel issue of dollar-denominated bonds due to market conditions. GIB …
Bonds
The order book oversubscribed more than 3 times, attracting over $1.6 billion
3 October 11:57 AM KCBK’s Eurobonds attract $1.6bn orders
Mubasher: Al Khalij Commercial Bank (KCBK) on Wednesday announced that it has successfully priced its benchmark Reg S senior unsecured five-year bonds for $500 million under its EMTN programme.   On Tuesday, the bank revealed that it has sold $500 …
Banking and Finance
SABIC’s unit issues $2bn bonds
3 October 10:08 AM SABIC unit issues $2bn sukuk
Riyadh – Mubasher: The Saudi Basic Industries Corporation (SABIC) said that its subsidiary SABIC Capital II B.V. has completed the issuance of dollar-denominated bonds at a value of $2 billion. SABIC Capital II B.V. issued 10,000 sukuk, with a par …
Bonds
The five-year international bonds are offered at 175 basis points
2 October 04:48 PM Al Khalij Commercial Bank offers $500m Eurobond issue
Mubasher: Al Khalij Commercial Bank (KCBK) is selling $500 million Eurobond issue. The five-year international bonds are offered at 175 basis points over mid-swaps, Reuters reported, citing the Qatari lender. The leading Islamic bank has appointed …
Banking and Finance
The bonds had a volume of KWD 2.48 billion ($8.2 billion)
2 October 03:44 PM Kuwait C.bank sells KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) announced selling bonds and securities valued at KWD 240 million ($792.7 million), according to a recent statement. The central bank offered the highest return of 2.875% since 2008, collecting more than …
Central Banks
The issue will start on Tuesday, 2 October
2 October 09:51 AM SABIC’s unit to issue dollar bonds
Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) on Tuesday has said that its subsidiary SABIC Capital II B.V. started issuing dollar-denominated bonds which will be unsecured by assets. The issue will start on Tuesday, 2 October and …
Bonds
The total proceeds of the three-year and seven-year debt notes amounted to EGP 903.8 million
1 October 05:45 PM Egypt sells EGP 903.8m T.bonds Monday
Cairo - Mubasher: Egypt on Monday has sold three-year and seven-year treasury bonds (T-bonds) at an average yield of 18.43% for the first time since a month, according to the finance ministry’s data. The total proceeds of the three-year and …
Bonds
Egypt issues EGP 1.25bn T-bonds Monday
1 October 11:01 AM CBE 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 …
Bonds
The ministry is looking to issue T-bills at EGP 481 billion in Q2- FY18/19
30 September 05:17 PM Egypt to issue EGP 498.7bn debt instruments in Q2-FY18/19
By: Heba Al-Kordi Cairo – Mubasher: The Egyptian finance ministry has announced plans to increase government debt instruments by 28% year-on-year during the second quarter of fiscal year 2018/2019. The ministry is looking to issue treasury bills …
Bonds
Tabreed shareholders nod to $1bn bond, sukuk issue
30 September 12:53 PM Tabreed shareholders nod to $1bn bond, sukuk issue
Dubai – Mubasher: National Central Cooling Co. (Tabreed) on Sunday said its shareholders had approved the issuance of non-convertible bonds or sukuk. The bonds or sukuk may reach up to $1 billion or its equivalent, Tabreed said in a statement to …
General Assembly
The government is considering a raft of financing sources in the medium term
27 September 12:04 PM Egypt not to issue panda, samurai-bonds in FY18/19
Cairo – Mubasher: Egypt’s plan to close the financing gap during fiscal year 2018/2019 does not include the issuance of panda-bonds or Samurai-bonds, an official source said. The government is considering a raft of financing sources in the medium …
Bonds
The new listings by the global trade enabler include $1 billion sukuk
26 September 01:53 PM Nasdaq Dubai welcomes DP World’s $3.3bn sukuk, bonds
Dubai – Mubasher: Nasdaq Dubai has welcomed four sukuk and conventional bonds listings by DP World equal $3.3 billion. The new listings by the global trade enabler include $1 billion sukuk and three conventional bonds whose value amount to $1 …
Sukuk and Islamic Finance