EGP 1.213tn in Bills, EGP 814.973bn in Bonds, $23.21bn and €4bn in foreign bonds
Latest in Highlight
Treasury bills stabilised at EGP 1.023tn, bonds reached EGP 676.6bn until December: Finance Ministry
$14bn foreign bonds, including $10bn issued during the past 10 months
Size of international bonds stabilizes at $11.5bn, government aims to issue more worth $1.5-2bn
Banks operating in the local market are the largest investors in government debt instruments that are offered to cover the state budget deficit
The government of President Abdel Fattah Al-Sisi promised to carry out a lot of economic reforms in the country, which require excessive effort and financing, as the president had mentioned many times during different speeches. The government has been asking for foreign help since Al-Sisi came to office, from Saudi Arabia, Kuwait, the United Arab …
The size of outstanding balances of treasury bonds in Egyptian pounds owed by the government reached approximately EGP 747.92bn as of the end of October 2016, according to the Ministry of Finance. The ministry said in a recent report that there are two kinds of bonds in Egyptian pounds. The first kind is the bonds …
The government will offer US dollar treasury bonds worth $2.5-3bn in mid-January, according to Minister of Finance Amr El-Garhy. He added that another offer of the same value will take place in the second half of 2017. The ministry had initially intended to offer these bonds this week but five investment banks advised a postponement …
Bonds worth $3bn will be repaid by 17 December, while other bonds worth $3.5bn are set to be repaid in the period between 1 June 2017 and 29 April 2040
The ministry indicated in a recent report that there are two types of bonds in Egyptian pounds, the first being coupon yield bonds, the balance of which recorded EGP 671.523bn, with an average return rate of 12.868%
Total value of bonds issued in Egyptian pounds increased to EGP 729.97bn by 8 March
Ministry of Finance offered three auctions for treasury bonds on Monday. The first is with maturity period of a year and a half, and an average return of 14.631%, compared to 12.719% before raising the interest rate, an increase of 1.912%
Total value of bonds issued in EGP increased to EGP 698.85bn until 12 January 2016
This is besides other treasury bonds issued in US dollars in global markets, worth approximately $7.5bn, according to the Ministry of Finance.
Plans to repay balances of coupon bonds over next few years
According to the Ministry of Finance, the balances of the second type of bond, the zero-coupon bond, is up to about EGP 61.29bn, with an average interest rate of 12.007%.
$5.75bn in bonds were launched in international markets from September 2005 to 11 June 2015
Khaled Negm, Chairman of NPA, said that the contract was relevant for a limited practice tender in June 2014, with 18 companies registered.
Bank Misr, Crédit Agricole, Banque Misr also among market leaders for treasury bills and bonds
Eligible subscribers from local and foreign banks will access t-bill, CBE says
Treasury bonds will comprise of 30% of government holdings in Q3 compared to 20% in Q2
The banking sector has been a source for filling financial gap of public authorities through granting them loans. Although experts stated that this initiative may be “politically motivated”, they stressed that banks always have reserves for loans.
The ministry releases statement listing top five Egyptian banks that trade treasury bills and bonds
Recent improvements seen in the stock market and decreases in the cost of insuring government debt have reflected positively on the feelings of those working and operating within the sector, who recently decided to decrease return rates on Treasury bonds by 1%
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.
Qatar promises to buy $3bn in bonds from Egypt
By Asmaa Nabil The Central Bank of Egypt (CBE) is to issue treasury bonds today valued at EGP 4.6 billion. The first treasury bond is valued at EGP 1 billion, to mature in 91 days, and the second is valued at EGP 3.5 billion to mature in 266 days. The Ministry of Finance (MOF) also …
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 …
By Tom Pfeiffer / Reuters CAIRO: Egypt’s secondary market in treasuries is flickering to life after a year of stagnation as companies plough excess cash into government paper and debt auctions fail to satisfy demand that is growing amid optimism that yields may have peaked. The market was introduced in late 2010 with the aim of …
By Tom Pfeiffer and Mohamed Samir / Reuters CAIRO: Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the country’s fiscal crisis, traders said. The army-backed government hopes to secure $3.2 billion of funding from the International Monetary Fund soon as it moves to …