Latest in Tag: bonds Highlight
Latest in Tag: bonds
Recent turbulence in equity markets has provided some relief to US dollar
An official source at the Central Bank of Egypt (CBE) said that the crisis in the global stock markets, ongoing since the end of last week, will not affect government plans to issue new international bonds worth between $4bn and $5bn, and will not affect the bond’s return rate. The state-run Middle East News Agency …
Ministry consulting with international banks to determine timing, currency of offering
Launching 16 bills for terms of 91-364 days for EGP 99bn, 8 bonds for terms of 3-10 years for EGP 6.25bn
The bond’s terms range from 1 year to 30 years and due to be paid in June 2017 until January 2047
The reliance leads to a vicious cycle, “amid low state revenues,” says banker
Deputy minister of finance for monetary policies Ahmed Kojak said that the ministry is not going to issue any other treasury bonds in the current fiscal year (FY) 2016/2017. He stated that the financial gap of the current FY is already covered, adding that the gap of the next FY 2017/2018 is also nearly covered, …
The National Bank of Egypt (NBE), Banque Misr, and the Commercial International Bank (CIB)—as managers of placement, promoters, and underwriters—have issued and covered a new batch of securitisation bonds for Corplease Financial Leasing at a total value of EGP 1.148bn on four segments with different maturity periods ranging between 1-7 years. The NBE’s share in …
The IMF mission chief to Egypt spoke at the IMF and World Bank meetings being held in Washington DC
Final decisive selection of the list will come today
7 global law firms submitted bids, says government source
Investors are now paying to own German bonds, as they flock towards safe havens amid Brexit fears and turbulent stock markets. The ECB’s quantitative easing program further pushes down interest rates on sovereign debt.
Ministry of Finance reveals its intention to borrow EGP 317.5bn from banks in Q1/FY 2016/17
Small investors’ portfolios lost an average of 70% of their value, prompting investors to look for safe investment alternatives
Distribution of 45% of bonds in USA, 35% in UK, 11% in Europe, 7% in Middle East and 2% to the rest of the world
EFSA board will meet to discuss bonds regulation on Wednesday
Covering bonds worth $1.5bn was raised by Egypt in foreign markets three times
NBAD prepared five-year plan to promote its shares in Egypt, will play important role in Egyptian economy in upcoming period
The ministry will issue treasury bills worth EGP 33.5bn for 91 days, and EGP 40bn for 182 days
The bonds will be offered to “sophisticated investors”, says Salman
Bank announced last year it will expand its financial support to Egypt
Government finalising document to issue tender in order to decide which company will manage issuance
Too early to define the yearly percentage that will be removed from energy subsidies, Dimian says
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.
Kuwait Finance House: International bonds market recovers in September, total exports reach $7.8bn
The international company launches a €150m equity offering and a €300m convertible bond offering
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.
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.
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.