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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.
The Sudanese spokesman said the army does not support any armed action against Egypt
Hamdi Rashad said the government, and ministers in particular, needed to take tangible steps to address the country’s economic problems.
The prospectus tasked HSBC Holdings and QNB Global with the rights to organise and administer the programme
Qatar promises to buy $3bn in bonds from Egypt
Central Bank denies receiving any details about Qatari bond purchase deal
Qatar’s support is an opportunity to increase foreign reserves, says ratings agency
Sales came during Q2 of FY 2012/2013
Stockbrokers attribute the drop to Orascom’s recent refusal to go public
Main indices jumped more than 1.7%
CBE invested EGP 48bn in treasury bonds during the last fiscal year
$5 billion power stations to be installed during winter, says the ministry of Electricity
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 …
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 …
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 …
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 …
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 …
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, …
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 …