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Tag Archives: bonds

Gov’t treasury bills, bonds fetch Sh12 trillion

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has mobilized sh12 trillion through the Primary Dealer Market Makers in the treasury bills and bonds over the year ended December 2021. Another 1.4 trillion shillings was transacted during the same period through private placements, (as opposed to the …

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U.S. equities post weekly losses amid rising bond yields

New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …

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World Bank fund for poorest countries issues $1.5 bn bond

Washington, United States | AFP | The World Bank fund dedicated to helping the world’s poorest countries on Tuesday announced it has raised $1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly …

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Saudi raises $9 bn in first global Islamic bond issue

Riyadh, Saudi Arabia | AFP |  Saudi Arabia raised $9 billion in its first global Islamic bond issue, the government announced on Thursday, a move analysts say could ease pressure on foreign reserves. The sale of Islamic bonds, known as sukuks, comes after the kingdom in October turned to the …

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Kenya sells first ever mobile government bonds

Nairobi, Kenya | AFP |  Kenya, a pioneer in mobile money, on Thursday began selling the first ever government bonds via mobile phone, allowing anyone from teachers to shop owners to invest and fund infrastructure projects. The bond is named M-Akiba, which means “mobile savings” in Swahili, and was launched …

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More bonds on the USE bourse?

By Patrick Kagenda After the launch of the Stanbic Bank Uganda Shs 30 billion bond on the Uganda Securities Exchange, the fixed income market is awash with speculation about three other listings that have been on the cards for some time. The Shs 40 billion Eastern and Southern African Trade …

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