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17 February 02:38 AM

Bonds

Aramco hires banks for bond issue to finance SABIC stake acquisition
14 February 02:54 PM Aramco hires banks for bond issue to finance SABIC stake acquisition
Riyadh – Mubasher: State-owned Saudi Aramco has appointed banks to arrange the issuance of its first international bonds, sources told Reuters on Thursday. Proceeds from this bond issuance will be used to finance Aramco’s acquisition of a …
Bonds
The bonds will be matured in three months on 14 May 2019
12 February 04:41 PM Kuwait C.bank bonds covered 15.7 times
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities valued at KWD 160 million ($528 million), with a return of 3%. The issuance has a coverage rate of 15.7 times with total demand value of KWD 2.5 billion, according to the …
Central Banks
The central bank issued KWD 240m bonds and securities last week
11 February 04:39 PM Kuwait C.bank issues KWD 160m bonds
Mubasher: The Central Bank of Kuwait (CBK) announced issuing bonds and securities at a total value of KWD 160 million ($527.2 million). The bonds hold a maturity period of three months, with a return of 3%, according to the central bank’s latest …
Bonds
The average interest rate on government treasury bills and bonds has been raised to 18.6% in this year’s estimates
11 February 11:20 AM Egypt raises average USD exchange rate in FY18/19 budget
Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) has raised the average exchange rate of the US dollar to EGP 18 in its initial estimates of the state’s 2018/2019 budget, versus an earlier estimated average of around EGP 17.25. The average …
Treasury Bills
Egypt issues EGP 1.25bn T-bonds Monday
11 February 09:53 AM Egypt issues EGP 1.25bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.25 billion on Monday on behalf of the Ministry of Finance (MOF). The first tranche of T-bonds will be offered through five-year notes at EGP 750 …
Bonds
Saudi Arabia based issuers led the GCC in 2018
10 February 04:27 PM GCC entities issuances decline to $154bn in 2018 – Markaz
Mubasher: Consolidated primary securities issuances of entities such as central banks' local issuances, sovereign and corporate issuances in the Gulf region has decreased by 11.7% in 2018 from the prior year, according to a new report by the …
Central Banks
This will be the first debt issuance to be offered by EDB
10 February 10:24 AM EDB eyes $750m bond sale in February
Dubai – Mubasher: Emirates Development Bank (EDB) plans to issue bonds worth $750 million in February to be the first to make use of the UAE’s newly effective debt law, a senior government official said. This will be the first debt issuance to be …
Companies Investments
These bonds were previously issued in February 2014
6 February 12:11 PM KIPCO repays $233m bonds
Mubasher: Kuwait Projects Holding (KIPCO) has repaid bonds valued at KWD 232.8 million (KWD 70.6 million) as on date 5 February 2019. KIPCO has repaid the five-year bonds in addition to $5.6 million ($1.7 million) representing interests until …
Companies Investments
The average yield on T-bonds hit 18.5% from July until December
5 February 07:12 PM Foreign investors buy $900m Egyptian T-bills, T-bonds in January
Cairo – Mubasher: Foreign investors’ purchases of Egypt’s treasury bills and bonds reached $900 million in January, the finance minister Mohamed Maait stated on Tuesday. The average yield on T-bonds hit 18.5% from July until December, while the …
Bonds
NBK has managed sukuk and bonds issuance for Equate
5 February 05:08 PM Bank lending remains key financing tool in GCC – NBK
Mubasher: Bank lending is still a leading financing instrument for megaprojects in the GCC countries, general manager of foreign corporate, oil and trade finance group of the National Bank of Kuwait (NBK) said. “The region’s banks have more …
Sukuk and Islamic Finance
The bonds will be matured in three months on 7 May 2019
5 February 03:44 PM Kuwait C.bank bonds covered 10.8 times
Mubasher: The Central Bank of Kuwait (CBK) has offered bonds and securities valued at KWD 240 million ($792.95 million) for sale on Tuesday. With a return of 3%, the bonds were covered 10.83 times at a total demand value of KWD 2.49 billion. The …
Bonds
Issuing the bonds will be matured in three months
4 February 02:56 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) announced it has allocated bonds and securities valued at KWD 240 million ($793.14 million). Kuwait’s central bank clarified that issuing the bonds will be matured in three months, with a return of 3%. It …
Central Banks
The cash-strapped sultanate’s bonds are cheaper than those of the other GCC nations
4 February 02:23 PM Investors cautious on Oman’s bonds after Bahrain’s crisis
Mubasher: Oman plans to tap the debt market for the fourth year after its budget deficit rated as one of the largest of all sovereigns by Fitch Ratings. However, bond investors remain cautious about investing in Oman’s bonds after Bahrain’s …
Bonds
Egypt issues EGP 1.75bn T-bonds Monday
4 February 10:25 AM Egypt issues EGP 1.75bn T-bonds 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 T-bonds will be offered through three-year notes at EGP 1 …
Banking and Finance
Egypt's deputy finance minister Ahmed Kojak
3 February 02:21 PM Egypt’s short-term external debt hits $14bn in 2018
Cairo – Mubasher: Egypt has succeeded in cutting its short-term external debt, represented in the US dollar-denominated treasury bills, by $3.25 billion in 2018 to $14 billion, the deputy finance minister said on Sunday. The external debt has been …
Macroeconomics
Egypt's finance minister Mohamed Maait
3 February 12:07 PM Egypt eyes listing on JP Morgan's EMBI - Minister
Cairo – Mubasher: Egypt aims to join J.P. Morgan's Emerging Markets Bond Index (EMBI), the finance minister said. The move is part of the country’s strategy aiming to reduce borrowing costs and make its debt instruments more attractive, Mohamed …
Banking and Finance
Saudi Arabia is the largest GCC holder of US Treasuries.
3 February 11:15 AM GCC holdings of US Treasuries fall 1.1% in November
By: Mahmoud Gamal Mubasher: The GCC’s holdings of US debt instruments dropped 1.09% month-on-month last November, registering $281.743 billion against $284.848 billion. Saudi Arabia’s holdings of US government bonds inched down 0.82% to $169.9 …
Bonds
JP Morgan will manage the dollar-denominated issue
30 January 05:43 PM Egypt to offer $7bn int’l bonds early 2019
Cairo – Mubasher: The Egyptian government is planning to issue international bonds in order to raise from $3 billion to $7 billion, finance minister Mohamed Maait said. Bonds will be offered in February or March, the minister added, according to …
Treasury Bills
4 GCC states to enter J.P. Morgan EMBI Thursday
30 January 09:54 AM J.P. Morgan EMBI to welcome listing of 4 GCC states' bonds Thursday - Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE, Saudi Arabia, Kuwait, and Bahrain are scheduled to join the J.P. Morgan Emerging Market Bond Index (EMBI) on Thursday, 31 January. Listing of these countries on the EMBI paves the way for pumping around …
Banking and Finance
Egypt's Ministry of Finance (MoF) plans to issue EGP 146 billion in debt instruments in February 2019
29 January 06:11 PM Egypt aims to issue EGP 146bn debt instruments in February
Cairo - Mubasher: Egypt's Ministry of Finance (MoF) plans to issue EGP 146 billion in debt instruments in February 2019, coinciding with the recent drop in yields on treasury bills (T-bills) and treasury bonds (T-bonds). According to the plan, the …
Banking and Finance
Foreign-currency bonds and sukuk sales in MENA stood at $84 billion in 2018
29 January 04:28 PM MENA likely to issue above $80bn debt notes in 2019 - Report
Mubasher: The Middle East and North Africa (MENA) region is expected to see as much as $80 billion in hard currency-denominated bonds and sukuk issues this year, according to a white paper co-authored by Emirates NBD Asset Management, KAMCO …
Banking and Finance
The yield of the three-month bond issue amounted to 3%
28 January 02:29 PM Kuwait C.bank issues KWD 200m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities worth a combined KWD 200 million ($660.16 million). The yield of the three-month bond issue amounted to 3%, according to a statement on Monday. This issue is consistent …
Bonds
The ministry has also selected another four banks as the bookrunners of the euro-denominated bonds
28 January 12:56 PM Egypt selects 4 banks to arrange dollar, euro-denominated bond sale
Cairo – Mubasher: Egypt’s Ministry of Finance (MoF) on Monday announced the completion of examining the proposals of local and international legal advisors and banks for a dollar, euro-denominated bond sale this fiscal year. The MoF has picked up …
Macroeconomics
Egypt issues EGP 1.25bn T-bonds Monday
28 January 10:22 AM Egypt issues EGP 1.25bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.25 billion on Monday on behalf of the Ministry of Finance (MOF). The first tranche of T-bonds will be offered through five-year notes at EGP 750 …
Bonds
OIFL will pay interest of $40 million to its GMTN bond holders on 19 and 21 February 2019.
24 January 10:53 AM Qatar’s Ooredoo to pay $40m to bondholders
Mubasher: Ooredoo on Thursday announced that its wholly-owned subsidiary Ooredoo International Finance Limited (OIFL) will pay interest of $40 million to its global term medium note (GMTN) bond holders on 19 and 21 February 2019. OIFL will pay a …
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