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Yields fall at Egyptian debt auction

By Tom Pfeiffer / Reuters CAIRO: The average yield declined on 273-day treasury bills auctioned by Egypt’s central bank on Sunday, the Ministry of Finance said, and strong recent buying of the same tenor on the secondary market suggest investors see further declines. Traders said the central bank’s move on March 20 to lower its reserve …


NBAD eyes 5-year dollar bond, may price Monday

By Rachna Uppal / Reuters DUBAI: National Bank of Abu Dhabi is eyeing a return to global debt markets with a five-year dollar bond which could raise up to $750 million and may price as early as Monday. The lender is targeting a maximum deal size of $750 million at slightly tighter guidance of 195 basis …


Egypt T-bill auction a success as demand picks up

By Tom Pfeiffer / Reuters CAIRO: Egypt’s central bank sold more treasury bills than it originally offered at an auction on Sunday, as optimism that the country will secure an emergency IMF loan draws more local investors into high-yielding government debt, analysts said. The bank sold LE 4.5 billion ($746 million) of 266-day T-bills, instead of …


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