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Bonds

Regional debt issuances are expected to remain robust in 2021.
3 hours ago GCC debt issuance exceeds $100bn in 2020
Mubasher: GCC debt issuance was strong in 2020, crossing $100 billion on a continued need for budget financing, the National Bank of Kuwait (NBK) said in its latest economic update. The fourth quarter (Q4) of 2020 saw the issuance of about $15 …
The issue was more than 4 times oversubscribed, with total orders amounting to over $22 billion.
27 January 11:29 AM KSA issues international bonds worth $5bn
Riyadh – Mubasher: The Saudi National Debt Management Center said it received subscriptions from investors for its eighth international issuance under the Saudi Arabia's Global Medium-Term Note Programme. The issue was more than 4 times …
KSA hired Goldman Sachs International, HSBC, and JPMorgan as global coordinators for the sale.
26 January 01:33 PM KSA begins marketing dual-tranche dollar bonds
Riyadh – Mubasher: Saudi Arabia started on Tuesday marketing a dual-tranche benchmark US dollar-denominated bond sale with tenors of 12 and 40 years, Reuters said citing a document. This comes as the Gulf country wants to plug a large fiscal …
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25 January 01:43 PM APICORP mandates lenders for 5-year dollar bonds
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) has mandated banks to arrange investor calls ahead of a potential international bond issue, Reuters said on Monday citing a document issued by one of the banks. The calls will …
The issuance will be used to finance the country’s budget deficit
25 January 10:38 AM CBE offers EGP 14bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 14 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through fivey-year notes valued at EGP 7.5 …
The total value of Rawaj’s accumulated credit facilities reached EGP 1.2 billion
21 January 02:14 PM AIH's unit closes EGP 308m securitised bond sale
Cairo – Mubasher: Arabia Investments Holding announced that its auto loan-focused subsidiary Rawaj Finance closed its third securitisation bond issuance at a value of EGP 308 million. The Commercial International Bank acted as the financial …
This comes as part of a two-year securitisation programme worth EGP 2 billion.
20 January 05:51 PM EFG Hermes closes EGP 170m securitisation issuance for Premium International
Cairo – Mubasher: EFG Hermes announced the completion of the fourth short-term securitisation issuance worth EGP 170 million for Premium International for Credit Services. This comes as part of a two-year securitisation programme worth EGP 2 …
Japan ranked first with a value of $1.26 trillion
20 January 03:50 PM Egypt’s holdings of US Treasuries hit $2.244bn in November 2020
By: Heba El-Kordy Cairo – Mubasher: Egypt’s holding of US Treasuries rose to $2.244 billion in November 2020, hitting its highest level in two years, compared to $2.176 billion in the same month a year earlier, data by the US Department of the …
The raised proceeds will enable the bank to support its customers
20 January 01:58 PM Emirates NBD lists $750m conventional bond on Nasdaq Dubai
Dubai – Mubasher: Emirates NBD has celebrated the listing of a five-year conventional bond worth $750 million on Nasdaq Dubai, marking the first public debt issuance from the UAE in 2021. The raised proceeds will enable the bank to support its …
The kingdom’s holdings of T-bonds rose by 2.5% monthly in November 2020 to $137.6 billion.
20 January 10:37 AM Saudi holdings of US T-bonds hit eight-month high in November
Riyadh – Mubasher: Saudi Arabia continued to increase its holdings of US Treasury bonds (T-bonds) in November 2020 for the fourth consecutive month, reaching an eight-month high. The kingdom’s holdings of T-bonds rose by 2.5% monthly in November …
the overall budget deficit is expected to reach 7.9% in FY20/21
18 January 11:20 AM Foreign investments in Egypt's debt instruments rise to $26bn
Cairo – Mubasher: Foreign investments in Egypt’s debt instruments increased to $26 billion as the market started to recover from the coronavirus (COVID-19) crisis, the Minister of Finance, Mohamed Maait, said in an interview with Al Arabiya on …
The issuance will be used to finance the country’s budget deficit
18 January 10:31 AM CBE offers EGP 17bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 17 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through two-year notes valued at EGP 5 …
The three tranches were rated at AA+, AA, and A, by MERIS
14 January 05:05 PM Amer Group’s units complete EGP 607m securitised bond sale
Cairo – Mubasher: The Financial Group For Securitization closed a three-tranche securitised bond issuance worth EGP 607 million for four of Amer Group Holding Co’s subsidiaries. The three tranches were rated at AA+, AA, and A, respectively, by …
The ministry has reduced the risks of refinancing existing debts
14 January 04:29 PM Egypt's debt servicing costs drop 8% in 6M
Cairo - Mubasher: Egypt's public debt servicing costs declined by 8% year-on-year (YoY) to EGP 246 billion in the first half of the current fiscal year from around EGP 267 billion in the year-ago period, Egyptian Minister of Finance, Mohamed …
The issuance is backed by a portfolio of receivables worth EGP 911 million
12 January 05:48 PM EFG Hermes closes EGP 700m securitisation bond issuance for Amer, Qasatli, Porto
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) has concluded the first issuance of a securitisation programme worth EGP 6.5 billion for Amer Group Holding Co, Porto Group Holding, and Qasatli. EFG Hermes served as sole …
The offering was upsized to CNY 1.5 billion
12 January 01:36 PM FAB issues CNY 1.5bn Formosa bonds
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has issued this year's first CNY 1.5 billion ($232 million) five-year Formosa bond at a 3.15% coupon, according to a press release on Tuesday. This transaction has the lowest coupon on a five-year …
The public debt is expected to widen to SAR 937 billion in 2021
12 January 11:59 AM Saudi Arabia looking to issue $5bn bonds
Riyadh – Mubasher: Saudi Arabia aims to issue bonds worth $5 billion (SAR 18.75 billion) in a bid to cover financing needs, Bloomberg reported on Monday, citing people familiar with the plan. The kingdom is expected to hire banks for the bond sale …
The issued bonds and related Tawarruq have a return rate of 1.125%
11 January 04:36 PM CBK issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq at a total value of KWD 240 million, according to a press release on Monday. With a three-month maturity period, the issued bonds and related Tawarruq have a …
The hired banks include Goldman Sachs
11 January 12:07 PM DAE hires banks for US dollar bond issuance
UAE – Mubasher: Dubai Aerospace Enterprise (DAE) has hired banks to arrange fixed income investor calls before issuing US dollar-denominated bonds, Reuters reported. The hired banks include Goldman Sachs and Morgan Stanley, as shown by a cited …
The issuance will be used to finance the country’s budget deficit.
11 January 10:38 AM CBE offers EGP 21bn T-bills, bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 21 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes valued at EGP 4.5 …
The bonds mature on 13 January 2026.
7 January 09:35 AM Emirates NBD issues senior bonds of $750m
Dubai – Mubasher: Emirates NBD said it issued on 6 January 2021 senior five-year bonds worth $750 million. The bonds will settle on 13 January 2021 and mature on 13 January 2026, the bank said in a statement to the Dubai Financial Market (DFM) on …
Benchmark bonds are valued at least $500 million in size
5 January 10:00 AM Emirates NBD hires banks for US dollar bond issuance
Dubai – Mubasher: Emirates NBD has hired banks to arrange for an investor call prior to a planned issuance of US dollar-denominated bonds, which would have a five-year maturity, Reuters reported. The mandated banks comprise Emirates NBD …
The company aims to deleverage its balance sheet
4 January 04:48 PM AT Lease's unit receives preliminary approval to issue securitised bonds
Cairo – Mubasher: Al Tawfeek for Financial Lease (AT Lease) announced that its 99.9%-owned subsidiary Al Tawfeek Securitization Co. received an initial approval for the second issuance of securitisation bonds, pending the completion of the …
Proceeds from the transaction will be used to deleverage the company’s balance sheet
4 January 11:56 AM CI Capital's unit concludes securitisation bond offering worth EGP 2.7bn
Cairo – Mubasher: CI Capital Holding For Financial Investments announced that its leasing arm, Corplease, completed its 10th securitisation bond issuance at a value of EGP 2.7 billion. Proceeds from the transaction will be used to deleverage the …
The issuance will be used to finance the country’s budget deficit
4 January 10:41 AM CBE offers EGP 13bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 13 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 6 …