Mubasher: The Central Bank of Kuwait (CBK) on Tuesday offered bonds and related tawarruq worth KWD 240 million, with a 1.375% rate of return. The six-month issue was oversubscribed by 11.21% times and will be due on 29 September 2020, according to …
Mubasher: Moody's Investors Service has assigned a (P) Baa2 rating to EQUATE Petrochemical Company’s new GMTN programme that is established under MEGlobal Canada ULC, with a ‘Negative’ outlook. The rating and outlook mirror the previously …
UAE – Mubasher: Banks in the UAE have lowered their investments in debt securities and stocks by AED 1.3 billion ($353.84 million) by the end of February 2020, according to data by the Central Bank of the UAE (CBUAE). The Emirati banks have cut …
Riyadh – Mubasher: Saudi Arabia has raised its holdings of the US Treasury bonds in January 2020 for the third month in a row, according to data by the US Department of the Treasury. Saudi Arabia’s holdings of US debt instruments registered $182.9 …
By: Heba El-Kordy Cairo – Mubasher: Egypt raised its holdings of US Treasuries by 4% year-on-year to $2.192 billion during January, compared to $2.106 billion. Month-on-month, the North African nation’s holdings of US bonds went up from $2.182 …
Mubasher: The UAE has decreased its holdings of the US Treasury bonds by over 2.3% month-on-month (MoM) in January 2020, according to recent data by the US Department of the Treasury. The UAE’s holdings declined by $900 million in January to $39.8 …
Mubasher: Kuwait’s holdings of US Treasury bonds stood at $41.9 billion in January 2020, down by 3.23% on a monthly basis compared to KWD 43.3 billion in December 2019. T-bond holdings rose by 2.69% year-on-year last January, compared to its level …
Mubasher: The Central Bank of Kuwait (CBK) issued on Tuesday bonds and related tawarruq worth KWD 200 million, with a 2.25% return rate, which is the lowest since May 2018. The three-month bond issuance matures on 16 June 2020, according to data …
Mubasher: The Central Bank of Kuwait (CBK) has issued KWD 290 million ($943.39 million) worth of bonds and related tawarruq, Kuwait News Agency (KUNA) reported on Monday. The issue carries a maturity period of three months with a 2.25% return …
Cairo – Mubasher: The extraordinary general meeting (EGM) of the Commercial International Bank – Egypt (CIB) authorised the board of directors to issue financial instruments (nominal bonds or subordinated debt) to finance its expansion activities. …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 18.5 billion on Monday on behalf of the Ministry of Finance. The CBE will offer three-year T-bonds valued at EGP 4 billion as well as 91- and 273-day …
UAE – Mubasher: Aldar Properties has signed a strategic agreement with the Authority of Social Contribution (Ma'an) to invest AED 2 million in the GCC’s first social impact bond by Ma'an. As part of the agreement, Aldar and Ma'an will cooperate in …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 7.5 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds is valued at EGP 4 billion and will be offered through …
Riyadh – Mubasher: ACWA Power Investment and Management One Ltd. (APMI One) announced that Fitch Ratings has assigned a BBB- rating to its $814 million 5.95% senior secured bond, with a stable outlook. The bond, issued in May 2017 by ACWA Power’s …
UAE – Mubasher: Dubai Aerospace Enterprise (DAE) has resumed its bond repurchase programme, according to the company’s press release on Monday. Under the programme that kicked off in mid-2018, the company has purchased around $485 million of the …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 7.5 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 4 …
Cairo – Mubasher: The Egyptian finance ministry has commenced the required procedures for Egypt’s first green bond issue on global markets, according to a statement. Egypt will be the first country in the Middle East and North African to …
By: Bedour Al Raei Riyadh – Mubasher: Saudi Arabia raised its holdings of US Treasuries by $7.6 billion or 4.41% year-on-year during December 2019, according to data released by the US Department of the Treasury on Wednesday. Total Saudi …
Mubasher: Kuwait’s holdings of US Treasury bonds grew by 4.84% or $2 billion year-on-year (YoY) in December 2019 to stand at $43.3 billion as compared to $41.3 billion, recent data by the US Department of the Treasury showed. On a monthly basis, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 7 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds amounts to EGP 3.75 billion and will be offered through …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has raised more than AED 3 billion in three days from its first ever Sterling bond and first Kangaroo bond since 2014, according to a press release on Sunday. The UAE’s largest bank has issued GBP …
