Latest in Tag: bonds Highlight
Latest in Tag: bonds
Government studies introduction of unrated bonds: Investment Minister
The bonds will be offered to “sophisticated investors”, says Salman
African bond index launched by AfDB and Bloomberg
Bank announced last year it will expand its financial support to Egypt
Collection of $1.5bn in bonds expected by April
Government finalising document to issue tender in order to decide which company will manage issuance
Egypt waiting for ‘appropriate moment’ to issue dollar bonds: Finance minister
Too early to define the yearly percentage that will be removed from energy subsidies, Dimian says
Britain to announce Islamic Index on stock exchange
Cameron will speak to more than 1,800 political and business leaders at the ninth World Islamic Economic Forum in London, the first held outside a Muslim country, as he attempts to build stronger financial links between Britain and the Islamic world.
International bonds market recovered
Kuwait Finance House: International bonds market recovers in September, total exports reach $7.8bn
OCI NV seeks new financing
The international company launches a €150m equity offering and a €300m convertible bond offering
El-Beblawi’s government sees highest recorded monthly borrowing rates in three years
The financial monthly bulletin issued by the Ministry of Finance showed the total issuance of bonds for May and June registered EGP 54.5m and 47.5m, respectively.
Costs of future government borrowing bogged down by uncertainty
Return rates on government debt tools have been steadily increasing since former president Mohamed Morsi’s constitutional declaration on 22 November 2012, a fact which has been compounded by repeated credit downgrades seen since the outbreak of the January 25th revolution by international rating agencies.
Analysts debate conversion of gulf lifelines to bonds
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is unlikely to yield any positive outcome if it is not allocated towards national projects.
Sudanese army denies weapon smuggling
The Sudanese spokesman said the army does not support any armed action against Egypt
Investment Council chairman: tax increases acceptable if fair and just
Hamdi Rashad said the government, and ministers in particular, needed to take tangible steps to address the country’s economic problems.
New $12bn bonds programme announced
The prospectus tasked HSBC Holdings and QNB Global with the rights to organise and administer the programme
Egypt and Qatar negotiate bond deal
Qatar promises to buy $3bn in bonds from Egypt
Economic expert slams Qatar aid
Central Bank denies receiving any details about Qatari bond purchase deal
Fitch Ratings: Qatar aid to Egypt ‘a positive sign of things to come’
Qatar’s support is an opportunity to increase foreign reserves, says ratings agency
Ministry of Finance sells EGP 124bn worth of T-bills, bonds
Sales came during Q2 of FY 2012/2013
EGX lost EGP 5.5bn last week
Stockbrokers attribute the drop to Orascom’s recent refusal to go public
EGX booked EGP 6.3bn in gains previous week
Main indices jumped more than 1.7%
Central Bank bails out government
CBE invested EGP 48bn in treasury bonds during the last fiscal year
Banks assure interest in financing energy sector
$5 billion power stations to be installed during winter, says the ministry of Electricity
Egypt to offer LE 2.5 bln in reopened bonds
By Mohamed Samir / Reuters CAIRO: Egypt’s Ministry of Finance will offer LE 2.5 billion ($414.1 million) in reopened bonds at an auction on April 23, the central bank said on Tuesday. It will offer LE 1.5 billion in reopened five-year bonds maturing on April 10, 2017 with a coupon of 16.55 percent, and LE …
Egypt sells 3- and 5-year bonds worth LE 3.5 bln
By Reuters CAIRO: Egypt’s central bank said it sold LE 3.5 billion ($579.8 million) in three and five-year bonds on Monday, the same amount it had offered. It sold LE 2 billion in reopened three-year bonds at an average yield of 16.12 percent, with yields ranging from 16.05 to 16.15 percent. The bonds have a …
Egypt investors shift to longer-term debt: analysts
By Tom Pfeiffer and Patrick Werr / Reuters CAIRO: Growing local appetite for medium-term Egyptian government debt helped push the average yield on three-year bonds lower at an auction on Monday and market watchers said investors were shifting some funds from short-term tenors. Egyptian treasury yields have soared in the past year as foreign investors fled …
Egypt to offer LE 3.5 bln in bonds
By Mohamed Samir / Reuters CAIRO: Egypt’s Ministry of Finance will offer LE 3.5 billion ($579.6 million) in bonds at an auction on April 9, the central bank said on Monday. It will offer LE 2 billion in reopened three-year bonds maturing on April 3, 2015 with a coupon of 16.15 percent, and LE 1.5 billion …
Egypt sells 3- 7- and 10-year bonds worth LE 4 bln
By Reuters CAIRO: Egypt’s central bank sold three-year, seven-year and ten-year bonds worth LE 4 billion ($662.4 million) on Monday, the same amount that was offered, the Ministry of Finance said. The three-year bonds, totaling LE 2 billion, mature on April 3, 2015, and have a coupon of 16.15 percent. Yields ranged from 16.10 to …
Egypt to offer LE 4 bln in bonds
By Mohamed Samir / Reuters CAIRO: Egypt’s finance ministry will offer LE 4 billion ($662.66 million) in new bonds at an auction on April 2, the central bank said on Wednesday . It will offer LE 2 billion in three-year bonds maturing on April 3, 2015, LE 1 billion in seven-year bonds maturing on April 3, …
Yields dip at Egypt bond auction as confidence grows
By Tom Pfeiffer / Reuters CAIRO: Yields edged lower at a sale of Egyptian treasury bonds on Monday, and traders said banks had demanded more than the amount offered due to growing confidence in the country’s democratic transition. Yields have eased at recent auctions although they remain near multi-year highs partly due to the absence of …