Bonds

Burgan Bank’s profits rose by 26.6% in FY18
09:22 AM Burgan Bank to issue $500m bonds
Mubasher: The Central Bank of Kuwait (CBK) granted its initial approval on 17 April 2019 for Burgan Bank to issue bonds not exceeding $500 million. Burgan Bank will receive the CBK's final approval after providing the prospectus of this bonds' …
Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai
16 April 12:28 PM Nasdaq Dubai celebrates Emirates NBD’s $1bn bond listing
Dubai – Mubasher: Nasdaq Dubai on Tuesday has welcomed the listing of a $1 billion bond issued by Emirates NBD.  The $1 billion Additional Tier 1 security issued by the Dubai-based lender has attracted large international demand, Hesham Abdulla Al …
GCC states’ holdings of US Treasury securities reached $274.77 billion in February
16 April 11:29 AM GCC holdings of US Treasuries rise 1.8% in February
By: Mahmoud Gamal Mubasher: The GCC states’ holdings of US Treasury securities amounted to around $274.77 billion in February, rising 1.8% month-on-month from $269.94 billion, the US Department of the Treasury said in a recent report. Saudi …
Saudi Arabia ranked eleventh globally among holders of US Treasuries
16 April 10:48 AM Saudi Arabia’s US Treasury holdings hike 10.6% in February
Riyadh – Mubasher: Saudi Arabia increased its holdings of US debt instruments by 10.6% year-on-year, or $16.1 billion (SAR 60.40 billion), in February and came in at the 11th place globally among other investors. The oil-rich kingdom’s US Treasury …
The UAE came in the 22th spot among the investors in the US Treasury bonds
16 April 10:46 AM UAE holdings of US gov’t bonds slip in February
By: Mahmoud Gamal UAE – Mubasher: The UAE has contracted its holdings of US Treasury securities by 2.67% month-on-month, or $1.5 billion, in February to $54.5 billion from $56 billion, data by the US Department of the Treasury showed. …
The GMTN bonds are valued at $750 million
11 April 12:38 PM Ooredoo delays $18.75m bond interest payment date
Mubasher: Ooredoo on Thursday announced that its wholly-owned subsidiary Ooredoo International Finance Limited (OIFL) will repay $18.75 million to its global term medium note (GMTN) holders on 23 April instead of 19 April as previously announced. …
Aramco sold $1 billion three-year bonds at 55 bps over US Treasuries
10 April 11:54 AM Saudi Aramco raises $12bn in first-ever bond sale
Riyadh – Mubasher: The Saudi Arabian Oil Co, better known as Saudi Aramco, is set to raise $12 billion in its first-ever international bond issue, Al Arabiya reported, citing a document issued by one of the banks leading the deal.   The Saudi oil …
Aramco’s bond sale is expected to be the largest in emerging markets
9 April 05:18 PM Saudi Aramco’s debut bond sale draws over $100bn in orders
Riyadh – Mubasher: Saudi Arabian Oil Co, globally known as Saudi Aramco, has attracted orders worth more than $100 billion for its first-ever international bond, Bloomberg reported on Tuesday. Aramco’s inaugural bond sale is expected to be the …
Aramco is the world’s most profitable company
9 April 03:10 PM Saudi Aramco debuts bond market at perfect time - MENA Advisors
Riyadh – Mubasher: Saudi Arabian Oil Co, better known as Saudi Aramco, has offered its first-ever international bond at the perfect time as oil prices are at their highest levels since November 2018 and the region’s interest rates at their lowest …
The Saudi oil giant is forecast to raise between $10 billion and $15 billion
9 April 12:19 PM Saudi Aramco’s first-ever bond sale attracts $85bn orders
Riyadh – Mubasher: Saudi Arabian Oil Co, globally known as Saudi Aramco, has attracted orders worth more than $85 billion for its inaugural international bond, sources told Bloomberg. Aramco, the world’s largest oil company, has offered bonds in …
Aramco’s first-ever bond issue will close on Wednesday
8 April 01:11 PM Saudi Aramco’s first-ever int'l bond draws over $30bn demand
Riyadh – Mubasher: Demand for the inaugural international bond of the Saudi Arabian Oil Co, better known as Saudi Aramco, attracted more than $30 billion (SAR 112.5 billion), the Saudi energy minister said on Monday. Aramco’s first-ever bond issue …
The issuance will be used to finance the budget deficit
8 April 11:01 AM Egypt issues EGP 1.75bn T-bonds on 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 the T-bonds will be offered through five-year notes at EGP 1 …
The seven-year bonds will carry a coupon rate of 5.75%
6 April 08:35 PM Oman C.bank issues OMR 100m bonds
Mubasher: The Central Bank of Oman (CBO) has issued an OMR 100 million ($259.44 million) in an auction, the Oman News Agency (ONA) stated on Saturday. The seven-year bonds will carry a coupon rate of 5.75%, the news agency added. The 60th issue of …
The issue was oversubscribed by four times
5 April 06:02 PM Egypt launches EUR 2bn int’l bonds
Cairo – Mubasher: Egypt has successfully issued EUR 2 billion international bonds, the Ministry of Finance (MoF) said on Friday. The bonds issued in two tranches, the first of which amounts to EUR 750 million and will mature on 11 April 2025. The …
Egypt seeks to cut borrowing cost through counting on Eurobond issuances
4 April 11:53 AM Egypt raises Eurobond programme to $30bn
Cairo – Mubasher: Egypt has raised the Eurobonds issuance volume of its international bond sale programme to $30 billion, according to the Luxembourg Stock Exchange’s bulletin. In March, the Egyptian Ministry of Finance (MoF) announced the …
Aramco will meet investors in Europe
4 April 12:25 AM Saudi Aramco hires adviser for bond issue
Riyadh – Mubasher: Saudi Aramco has reportedly selected chief economic adviser at Allianz Mohamed El-Erian as an informal adviser for its first bond issue, informed sources told Reuters on Wednesday.  The major energy company is planning to launch …
Issuing bonds will support the bank’s long-term funding requirements
3 April 01:51 PM RAKBank completes issuance of $500 bonds
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBank) on Wednesday announced that it has successfully priced a 5-year $500 million bond issuance. The Ras Al Khaimah-based lender noted that the bond will pay an annual coupon of …
APICORP’s bond was oversubscribed by about three times
3 April 11:39 AM APICORP issues $300m 5-yr Formosa bond
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) on Wednesday announced issuing its third Formosa bond worth $300 million. The five-year debt notes, which will be due on 1 April 2024, provide investors with a floating rate …
RAKBank will offer investors 185 basis points over mid-swaps
3 April 10:50 AM RAKBank to raise $500m in 5-yr bonds
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBank) plans to raise $500 million in five-year bonds, Reuters reported. The  Ras Al Khaimah-based lender will offer investors 185 basis points over mid-swaps, a document revealed. On …
The issue was arranged by Citi and Standard Chartered banks
2 April 11:40 PM FAB secures $1.1bn from bond issue
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has raised $1.1 billion from a bond issue, Reuters reported on Tuesday. Listed on the London Stock Exchange and the Taipei Exchange, the sold bonds will mature in three years. The Abu Dhabi-listed …
This bond issue has a yield of 3.125%
1 April 05:35 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) on Monday announced issuing bonds and related tawarruq valued at KWD 240 million ($790.58 million). Kuwait’s central bank noted that this bond issue has a yield of 3.125% with a maturity period of six …
The bond maturities are expected to range between three to 30 years
1 April 12:04 PM Saudi Aramco mandates banks for multi-tranche dollar bond issue
Riyadh – Mubasher: State-owned Saudi Aramco has appointed banks to arrange its multi-tranche debut dollar bond issue, Reuters reported on Monday. The issuance is expected to finance the oil giant’s acquisition of a stake in the Saudi Basic …
This listing boosts EDB’s specialised activities aimed at expanding the UAE economy
26 March 01:56 PM EDB rings market-opening bell for $750m bond listing on Nasdaq Dubai
Mubasher: CEO of Emirates Development Bank (EDB) Faisal Aqil Al Bastaki has rung the market-opening bell on Tuesday to celebrate the listing of $750 million conventional bond issue on Nasdaq Dubai, according to a recent statement. It is noteworthy …
The board has determined a maximum amount of $1 billion for issuances
26 March 01:21 PM UAB’s board nods to launch debt progammes
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Tuesday announced that its board of directors has approved launching one or more debt programmes for the issuance of bonds: medium-term notes, commercial papers, and certificates of deposit CDs. The …
The issue will be matured in three months on 25 June
26 March 11:14 AM Kuwait C.bank issues KWD 200m bonds
Mubasher: The Central Bank of Kuwait (CBK) on Tuesday announced issuing bonds and related tawarruq worth KWD 200 million ($660.45 million), with a yield of 3%. The issue, which has a three-month maturity, was oversubscribed 12.82 times, while the …