Bonds

UAE ownership of US T-bills falls in September
16 November 12:41 PM UAE ownership of US T-bills falls in September
Dubai - Mubasher: The UAE has lowered its ownership of US bonds and treasury bills (T-bills) by 3% in September to reach $54.3 billion, compared to $ 55.9 billion in August, data released by the United States Treasury Department showed. Meanwhile, …
KSA’s ownership of US bonds, T-bills hits $136.7bn in September
16 November 10:39 AM KSA’s ownership of US bonds, T-bills hits $136.7bn in September
Riyadh – Mubasher: Saudi Arabia raised its ownership of US bonds and treasury bills (T-bills) by 52.9%, reaching $136.7 billion during September 2017, compared to $89.4 billion in September 2016, the US Department of the Treasury’s data said. On a …
This issue has a return of 1.75%
14 November 04:04 PM Kuwait C.bank issues KWD 160m bills
Mubasher: The Central Bank of Kuwait (CBK) has issued treasury bills valued at KWD 160 million ($529.1 million), according to the CBK’s latest official data. This issue has a return of 1.75%, and will be matured in three months on 13 February …
Egypt inks expanded financing deal of $3.2bn
14 November 02:53 PM Egypt inks expanded financing deal of $3.2bn
Cairo - Mubasher: Tarek Amer, the Central Bank of Egypt’s (CBE) governor, has said that Egypt signed an expanded financing agreement with foreign banks valued at $3.2 billion. The purpose of this deal is to enhance the country’s foreign reserves …
CBE issues EGP 2.5bn T-bills Monday
13 November 12:46 PM CBE issues EGP 2.5bn T-bills Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) on Monday announced that it will issue treasury bonds (T-bills) worth EGP 2.5 billion, together with the Ministry of Finance (MoF), in order to finance the budget deficit. The bonds will be offered …
The bonds are expected to be rated at A+ by Fitch
7 November 01:28 PM Emirates NBD gives initial price guidance for 5-yr dollar bonds
Dubai – Mubasher: Emirates NBD on Tuesday announced that it gave the initial price guidance for five-year bonds. “The bonds' price will be in the 140 basis points over mid-swaps area,” Reuters reported.   Usually, benchmark bond issuances do not …
ABK is planning to issue bonds of around $500 million to $750 million
6 November 07:10 PM ABK mulls $500m-$750m bond issue, says no merger plans
Mubasher: Al Ahli Bank of Kuwait (ABK) has revealed plans to issue bonds of around $500 million to $750 million to support its capital, Al Rai newspaper reported, on Monday, citing its CEO Michel Accad as saying. Since 2015, ABK has acquired …
The pipeline is designed to transport 1.5 million barrels per day of crude oil
6 November 04:40 PM ADNOC unit issues $3bn bond
Abu Dhabi - Mubasher: The Abu Dhabi National Oil Company (ADNOC) on Monday announced the issuance and closing of a $3 billion bond by Abu Dhabi Crude Oil Pipeline (ADCOP), a fully-owned subsidiary.   The bond offering comprises two senior secured …
Saudi int'l bond yields rise Monday on anti-corruption probe
6 November 02:57 PM Saudi int'l bond yields edge up Monday on anti-corruption probe
Riyadh – Mubasher: Saudi international bond yields rose slightly in early trades in London during Monday after the Kingdom's government started anti-corruption probe, Reuters on Monday reported. “The spread on the Saudi 30-year sovereign bond …
Chinese institutions have so far listed eight bonds worth $4.26 billion on Nasdaq Dubai
30 October 12:59 PM Yinchuan Tonglian marks $300m bond-listing on Nasdaq Dubai
Dubai – Mubasher:  Yinchuan Tonglian Capital Investment Operation Company on Monday celebrated the listing of a $300 million bond on Nasdaq Dubai. The bond issue’s proceeds will serve “general corporate purposes including construction of Binhe New …
TAQA saw AED 517 million in profits for the first six months of 2017
25 October 05:43 PM TAQA retires $500m bonds
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) on Wednesday announced that $500 million bonds were retired at its maturity on 25 October 2017. “The retirement was funded from a draw down under TAQA’s existing revolving credit …
Return on these bonds will be 1.75%
24 October 02:22 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securitise valued at KWD 240 million, with maturity period of three months. The issuance was covered 4.16 times, with total offers worth KWD 999 million, according to a recent …
The ICD issued the newly-listed bond under its $2.5 billion Euro Medium Note Programme
18 October 02:39 PM Nasdaq Dubai welcomes ICD’s $200m bond listing
Dubai – Mubasher: Nasdaq Dubai on Wednesday welcomed the listing of a $200 million bond by the Investment Corporation of Dubai (ICD) on the Dubai-based exchange. The ICD issued the newly-listed bond under its $2.5 billion Euro Medium Note …
KSA’s ownership of US T-bills, bonds reach $137.9bn in August
18 October 02:00 PM KSA’s ownership of US T-bills, bonds reach $137.9bn in August
Riyadh – Mubasher: Saudi Arabia raised its ownership of US bonds and treasury bills (T-bills) by 48% to reach $137.9 billion during August 2017, compared to $93 billion in August 2016, the US Department of the Treasury said. Month-on-month, the …
Yields for 10-year bonds fell to 6% from 7.5%
18 October 12:15 PM Global bond issues not to pressure Egypt’s global debt – El Garhy
Cairo – Mubasher: Egypt’s issuance of new global bonds will not add pressure to the country’s external debt, finance minister Amr El Garhy told local media. Yields for 10-year bonds fell to 6% from 7.5%, while six-year bond yields declined to 5% …
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17 October 10:15 PM ADNOC to sell $3b bonds this week
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) is expected to issue $3 billion worth of bonds this week, sources familiar with the matter told Reuters on Tuesday. This is would be the first public debt issue by the Emirati oil …
This bonds issue has a duration period of three months
17 October 03:43 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities at a total value of KWD 240 million ($796.2 million), with a yield of 1.75%. This bonds issue has a duration period of three months, and will be matured on 16 January 2018, …
ICD is a governmental sovereign wealth fund (SWF) with estimated assets of $183 billion
10 October 12:30 PM ICD sets guidance for 4.625% bonds’ tap
Dubai – Mubasher: Investment Corporation of Dubai (ICD), the main investment arm of the Dubai government, plans to tap its 4.625% bonds maturing in 2024, according to a document issued on Tuesday by one of the banks that led the deal. The document …
The sovereign credit of Abu Dhabi was also affirmed at ‘AA’
8 October 04:26 PM S&P gives ‘AA’ rating to Abu Dhabi’s long-term bonds
Abu Dhabi – Mubasher: Ratings agency Standard & Poor's (S&P) credit rating company gave the three tranches of the Abu Dhabi government’s long-term foreign currency bonds an ‘AA’ rating. The $3 billion first tranche is due in 2022, while the $4 …