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17 June 09:53 AM

Bonds

Issuance proceeds will be used for general corporate purposes
13 June 04:26 PM CMA approves Burgan Bank’s $500m AT1 capital securities
Mubasher: Burgan Bank has received Kuwait’s Capital Markets Authority’s (CMA) approval to issue Additional Tier 1 (AT1) capital securities at up to $500 million.   The Kuwaiti lender will use proceeds from the issuance for general corporate …
Bonds
CIB and AAIB were joint lead managers and joint bookrunners
13 June 11:30 AM GB Auto unit issues EGP 767m securitisation bonds
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary GB Leasing has issued its second securitisation bonds valued at EGP 767 million. Egypt's largest car assembler and distributor will use proceeds from the transaction to slash …
Banking and Finance
The issue has a six-month maturity period
10 June 03:42 PM Kuwait C.bank issues KWD 280m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 280 million ($924.3 million), with a 3.125% yield. The issue has a six-month maturity period, according to the CBK’s statement. It is noteworthy that bonds …
Macroeconomics
The lender is not planning to expand abroad in the meantime
9 June 11:54 AM Burgan Bank to renew $500m bonds in September – Chairman
Mubasher: Burgan Bank will renew $500 million perpetual bonds issued five years ago next September, the lender’s chairman said. The bank will use the proceeds of its next bond issue in renewing the $500 billion bond issue carried out in five years …
Corporate Actions
The decision will come into force starting from Sunday, 9 June
9 June 10:21 AM Tadawul reduces par value of 29 gov’t debt issues to SAR 1,000 apiece
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will cut the par value of 29 domestic government debt instruments to SAR 1,000 apiece instead of SAR 1 million. The decision will come into force starting from Sunday, 9 June, without changing …
T-bonds issuance will be used to finance the budget deficit
3 June 11:03 AM CBE 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 the T-bonds will be offered through five-year notes at EGP 750 …
Central Banks
The change will be effective on 9 June
31 May 11:39 PM Tadawul cuts par value of 29 gov’t debt instruments
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has announced the reduction of the par value of 29 domestic government debt instruments issued by the Saudi government to SAR 1,000 from SAR 1 million. The decision was requested by the …
Bonds
These bonds carry a maturity of six months
28 May 02:03 PM Kuwait C.bank’s KWD 360m bond issue oversubscribed
Mubasher: The Central Bank of Kuwait (CBK) said that the KWD 360 million ($1.19 billion) worth of bonds and related tawarruq were oversubscribed 7.54 times. The subscription value of this bonds issue amounted to KWD 2.72 billion. With a 3.125% …
Bonds
Bonds are issued to inject more liquidity into the market
27 May 02:48 PM Kuwait C. bank issues KWD 360m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq at a total value of KWD 360 million on Monday. The bonds will be matured in six months, with a 3.125% rate of return, according to an official statement. Bonds are …
Central Banks
Securities of the Indonesian government now total $15 billion from 11 issuances
26 May 01:08 PM Indonesia celebrates listing $2bn green Sukuk on Nasdaq Dubai
Dubai - Mubasher: The government of Indonesia on Sunday celebrated the listing of two green sukuk worth a combined of $2 billion on the Nasdaq Dubai Market. The Asian country aims to use the raised capital from the sukuk in a number of projects …
Sukuk and Islamic Finance
NBK Research also predicts regional issuance to remain solid in 2019
23 May 11:32 AM GCC bond, sukuk issuance surges $32bn in Q1– NBK Research
Mubasher: The issuance of bonds and sukuk in the Gulf region has soared by $32 billion during the first quarter of 2019. The surge in Q1 bond and sukuk issuance in the GCC has raised outstanding debt in the region to $478 billion. Meanwhile, …
Sukuk and Islamic Finance
An existing transaction is reopened for subscription
23 May 10:11 AM Mashreq Bank raises $175m in bond reopening
Dubai – Mubasher: Mashreq Bank has raised $175 million by tapping a $500 million bond issued by the bank in February, Reuters reported on Wednesday. An existing transaction is reopened for subscription, using the same documentation as before. The …
Companies Investments
Listing the debt instruments reissue will commence on 23 May.
22 May 10:02 PM Tadawul approves listing of SAR 2.8bn gov’t debt instruments
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Wednesday approved the finance ministry’s request for the listing of debt instruments from a class already listed issued by the Saudi government. The total value of the listed debt …
The issue has a six-month maturity period that ends on 19 November
21 May 10:43 AM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) on Tuesday has issued bonds and related tawarruq worth KWD 240 million ($790.79 million), with a 3.125% yield. The issue, which was oversubscribed by 10.83 times at a total value of KWD 2.59 billion, has …
Bonds
The notes include $600 million senior unsecured notes due 2021
17 May 09:09 PM Moody's affirms $1.4bn notes belong to UNB
Dubai – Mubasher:  Moody's Investors Service has affirmed the A1 senior unsecured (foreign) rating on the three outstanding notes of Union National Bank (UNB), with a stable outlook. The rights and obligations of these notes were transferred to …
Banking and Finance
Kuwait came in the third spot among the Arab holders of US government bonds
16 May 01:04 PM Kuwait’s holdings of US Treasury bonds hit $40.2bn in March
Mubasher: Kuwait’s holdings of US Treasury bonds jumped by 8.9% year-on-year in March to $40.2 billion from $36.9 billion, data by the US Department of the Treasury showed. Quarter-on-quarter, the GCC state’s investment in the US sovereign debts …
Banking and Finance
The UAE came in the 21th place among holders of the US sovereign debts
16 May 12:11 PM UAE holdings of US Treasury bonds up 2% in March
UAE – Mubasher: The UAE has raised its holdings of US Treasury bonds by 2.01% month-on-month, or $1.1 billion, in March to $55.6 billion from $54.5 billion, data by the US Department of the Treasury showed. Year-on-year, the GCC state’s investment …
Bonds
Saudi holdings of US government bonds levelled up 1.8% month-on-month in March
16 May 11:19 AM Saudi Arabia’s US Treasury holdings hit $170bn in March
Riyadh – Mubasher: Saudi Arabia raised its holdings of the US Treasuries by 12.4% year-on-year in March. The kingdom’s holdings of US debt instruments amounted to $170 billion by the end of March, compared to $151.2 billion in March 2018, …
Banking and Finance
The issue was oversubscribed by 16.3 times
14 May 02:40 PM Kuwait C.bank issues KWD 160m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 160 million ($527.4 million), with a 3.125% yield. The issue, which was oversubscribed by 16.3 times at a total of KWD 2.6 billion, has a six-month maturity …
Macroeconomics
The subscription in the lender’s perpetual bonds will be limited to professional clients
14 May 02:22 PM CMA greenlights Burgan Bank’s perpetual bond issue
Mubasher: Burgan Bank has received Kuwait’s Capital Markets Authority’s (CMA) approval to issue perpetual bonds at up to $500 million on 9 May. The subscription in the lender’s perpetual bonds will be limited to professional clients, according to …
Banking and Finance
The issuance will be used to finance the budget deficit
13 May 11:00 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 the T-bonds will be offered through three-year notes at EGP 1 …
Macroeconomics
NUCA seeks EGP 20 billion loan from commercial banks
9 May 10:54 AM Gov’t approves housing ministry’s EGP 30bn loans, bonds
Cairo – Mubasher: Egypt’s cabinet has approved the ministry of housing, utilities, and urban communities’ request regarding the issuance of securitisation bonds by the New Urban Communities Authority (NUCA). The EGP 10 billion bonds will be issued …
The proceeds of the sukuk will support eco-friendly projects
7 May 01:59 PM Majid Al Futtaim markets 10-yr USD-denominated green sukuk
Dubai – Mubasher: UAE-based shopping mall developer and operator Majid Al Futtaim has started to promote for its 10-year US dollar-denominated green sukuk at around 245 basis points over average swap rates, a document by one of the banks managing …
Corporate Actions
The issue has a three-month maturity period
7 May 11:02 AM Kuwait C.bank issues KWD 200m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 200 million ($659.43 million), with a 3% yield. The issue, which was oversubscribed by 12.71 times at KWD 2.54 billion, has a three-month maturity period …
Bonds
Egypt plans to issue EGP 435 billion T-bills worth in FY19/20
6 May 09:20 AM Egypt eyes issuing EGP 725bn sovereign debts
Cairo – Mubasher: Egypt aims to issue treasury bonds and bills worth EGP 725.15 billion in fiscal year 2019/2020, versus EGP 501.14 billion in FY18/19, data by the Ministry of Finance (MoF) showed. The government plans to issue T-bills worth EGP …
Central Banks