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Bonds

The issuance will be used to finance the country’s budget deficit
10:50 AM CBE offers EGP 8bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 8 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 …
Egypt’s portfolio of eligible green projects is valued at $1.9 billion
27 September 01:05 PM Egypt set to issue MENA's first gov't green bonds
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, announced the completion of the framework of government green bonds, set to be the first of its kind in the MENA region. Offering sovereign green bonds in the international markets …
The bonds have interest rates of 4.7%
24 September 10:36 AM DP World Limited nods to periodic coupon distribution
Dubai – Mubasher: DP World Limited has approved a periodic coupon distribution for the issued notes worth $500 million, according to the company's disclosure to Nasdaq Dubai. Due in 2049, the notes have interest rates of 4.7%. The company will pay …
The 'Baa3' rating reflects the bank's standalone creditworthiness
21 September 04:42 PM Moody's assigns FAB's AT1 capital securities Baa3 rating
Abu Dhabi - Mubasher: Moody's Investors Service (Moody's) has assigned the provisional 'Baa3' rating to the upcoming issuance of perpetual non-cumulative Additional Tier 1 (AT1) capital securities of First Abu Dhabi Bank (FAB). The payment …
The planned Additional Tier 1 perpetual bonds are not callable for six years
21 September 11:58 AM FAB hires banks for US dollar-denominated bond issuance
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has hired banks to arrange an investor call for the US dollar-denominated bond issuance, Reuters reported. The banks comprise Citi, FAB, HSBC, and Standard Chartered which will arrange the potential …
The issuance will be used to finance the country’s budget deficit
21 September 10:40 AM CBE offers EGP 8.75bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 8.75 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds is valued at EGP 1.25 billion and will be offered through …
The bonds will be listed outside the UAE
21 September 09:28 AM Shuaa Capital's board approves to issue $150m bonds
Dubai – Mubasher: The board of Shuaa Capital has agreed on a $150 million bond issuance through a private placement. The bonds will be listed outside the UAE, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. It …
Egypt's investments in the US debt instruments rose to $2.238bn in July
17 September 03:17 PM Egypt raises investments in US bonds to highest level since October 2018
Cairo – Mubasher: Egypt has increased its holdings of the US Treasury bonds by 4.3% year-on-year (YoY) or around $93 million in July, marking its highest level since October 2018. Egypt's investments in the US debt instruments rose to $2.238 …
The UAE has raised its holdings of the US Treasury bonds by over 13% MoM
17 September 02:32 PM UAE sees 13% MoM higher investments in US bonds in July
UAE  – Mubasher: The UAE has raised its holdings of the US Treasury bonds by over 13% month-on-month (MoM) to $29.529 billion in July 2020, compared to around $26.11 billion in June 2020, according to the latest data by the US Department of the …
The first tranche of T-bills will be offered through 182-day notes
17 September 11:46 AM CBE to issue EGP 20.5bn T-bills on Thursday
Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Thursday treasury bills (T-bills) worth EGP 20.5 billion, in coordination with the Egyptian Ministry of Finance (MoF), to finance the budget deficit. The first tranche of T-bills will …
The kingdom’s holdings of US bonds amounted to SAR 124.6 billion last July
17 September 11:17 AM Saudi holdings of US debt instruments down 31% in July
Riyadh – Mubasher: Saudi Arabia has lowered its holdings of US treasury bonds by 31.08% year-on-year (YoY) in July 2020, equivalent to SAR 56.2 billion. The kingdom’s holdings of US bonds amounted to SAR 124.6 billion last July, compared with SAR …
The placement is one of Morocco’s largest private bond placements in 2020
17 September 10:50 AM TAQA's unit finalises AED 1.08bn bond placement in Morocco
Abu Dhabi – Mubasher: TAQA Morocco, an 85.79% subsidiary of Abu Dhabi National Energy Company (TAQA), has finalised a bond issuance by a private placement for AED 1.08 billion ($293.8 million). The placement is one of Morocco’s largest private …
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16 September 03:26 PM GIB predicted to sell $500m in five-year bonds
Riyadh – Mubasher: Gulf International Bank (GIB) is predicted to sell $500 million in five-year bonds and has received around $1.2 billion in orders for the debt sale, Reuters reported on Wednesday. The lender, which is 97.2% indirectly owned by …
The tranches include $2 billion notes
13 September 11:26 AM ADX lists $5bn global medium term note programme
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has listed Abu Dhabi Global Medium Term Note Programme worth $5 billion in three tranches as per the attached pricing term sheet. The tranches include $2 billion notes, due in 2023, at …
The first tranche of T-bills will be offered through 91-day notes
13 September 10:39 AM CBE to issue EGP 18bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18 billion, in coordination with the Ministry of Finance (MOF) to fund the budget deficit. The first tranche of T-bills will be offered through 91-day …
They will not be for public subscription
9 September 11:24 AM Tabreed plans to issue $1bn bonds
Dubai – Mubasher: National Central Cooling Company (Tabreed) will authorise the board to issue bonds or Sukuk valued at $1 billion in one or more tranches to be offered to qualified investors. The bonds or Sukuk will be issued with a maturity date …
Saudi Electricity Company
9 September 09:10 AM SEC plans dollar bond deal
Riyadh – Mubasher: State-controlled Saudi Electricity Company (SEC) intends to issue US dollar-denominated bonds soon, Reuters reported citing four sources familiar with the matter.  The potential issuance would come amid a flurry of debt sales in …
The issuance will be used to finance the country’s budget deficit
7 September 10:41 AM CBE offers EGP 6.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 6.5 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds is valued at EGP 3.5 billion and will be offered through …
The Sukuk and bonds have the lowest interest rates in Dubai's history
3 September 04:50 PM Dubai completes $2bn Sukuk, bonds issuance
UAE - Mubasher: The Dubai government has completed the issuance of 10-year Islamic Sukuk worth $1 billion and 30-year government bonds of $1 billion, according to the Dubai media office. The Sukuk and bonds have the lowest interest rates in …
Saudi Arabian Monetary Authority (SAMA)
3 September 03:05 PM Saudi banks’ investments in gov’t bonds jump 21% in July
Riyadh – Mubasher: Saudi banks raised their purchases of government bonds by 20.8% on a year-on-year (YoY) basis or SAR 74.72 billion in July 2020. The Saudi lenders' investments in government bonds totalled SAR 433.25 billion in July, compared …
SABIC will sell $500 million in each bond tranche
3 September 11:42 AM SABIC begins marketing $1bn dual-tranche bonds
Riyadh – Mubasher: The Saudi Basic Industries Corporation (SABIC) on Thursday began marketing a $1 billion dual-tranche bond offering consisting of 10-year bonds and 30-year Formosa bonds, according to Reuters. The world’s fourth-biggest …
The bonds are issued in three tranches
3 September 10:49 AM Abu Dhabi completes $5bn multi-tranche bond issuance
UAE - Mubasher: Abu Dhabi has completed a $5 billion multi-tranche bond issuance to promote a sustainable financial sector, according to the Emirates News Agency (WAM). Priced at historic low yields, the bonds are issued in three tranches, …
Dubai is offering about 250 basis points over mid-swaps
2 September 11:57 AM Dubai starts sale in public debt markets for first time in six years
UAE - Mubasher: Dubai started on Wednesday marketing two-tranche bonds, marking its first sale in public debt markets since 2014, Reuters reported. Dubai is offering about 250 basis points over mid-swaps for 10-year Sukuk and about 4.375% for …
The Saudi Basic Industries Corporation (SABIC)
2 September 10:30 AM SABIC hires banks for 10-year dollar, 30-year Formosa bonds
Riyadh – Mubasher: World’s fourth-biggest petrochemicals company, the Saudi Basic Industries Corporation (SABIC), has hired banks to arrange the sale of US dollar-denominated 10-year bonds and 30-year Formosa bonds, Reuters reported on Wednesday. …
Additional Tier 1 (AT1) bonds are the riskiest debt instruments
31 August 04:41 PM FAB plans to issue $750m AT1 bonds
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is expected to issue Additional Tier 1 (AT1) bonds worth $750 million as soon as September, two sources told Reuters. Designed to be perpetual in nature, additional Tier 1 (AT1) bonds are the …