The frequency of dollar bonds in the region accelerates, amid a strong demand
The pace of mortgage problems in the Middle East and North Africa accelerated Tuesday, with Kuwait and Egypt utilizing the appetite of investors for the highest returns on the dollar before the interest rates in the United States. Kuwait will use the international bond market for the first time in eight years, following the approval of a prolonged local legislation, which opened the way for the return to the global debt markets. As far as Egypt is concerned, high interest rates make its effects attractive to many investors, he seeks to diversify his financing sources as he tries to recover from the worst economic crisis since a generation. Mohamed Abu Pasha, head of the Khattas Analysis Unit at the Cairo Hermes, said: “The set of issues comes at a time when countries benefit from a good opportunity to reduce facilitation in the United States and before the end of the year.” Also read: Kuwait attracts $ 27.7 billion requests for the first international mortgage offering since 2017 The total demand for Kuwaiti bonds has increased three, five and ten years to approach 28 billion dollars. Price directions indicate a low difference of 40 basis points over the US Treasury effects for the shortest mortgage, and 60 basis points for the longest segment. An emerging $ 1.5 billion value from Egypt is likely to earn $ 1.5 billion in bonds, after receiving more than $ 8.9 billion on Islamic -denominated Islamic instruments, with the deadlines for three and seven years. The price directions are 6,375% and almost 8% respectively. Separate a person brought to the case asked not to disclose his identity, all this information. The final conditions for transactions, including size and return, are expected to be announced later today. It may be interested in: The Egypt economy doubles its growth up to 5% driven by the sectors of the industry and tourism at a separate level. Bahrain cost banks to arrange the issuance of effects in dollars with the deadlines of the right of eight and twelve years. Algeria plans to raise $ 297 billion ($ 2.3 billion) by selling Islamic instruments, in a rare issuance of debt by the Member State in “OPEC”, but it will only be offered to Algerian investors, according to all -Sharq. Saudi Arabia is the largest exporter of debt in emerging markets, Saudi Arabia has already raised nearly $ 20 billion and euros during the current year, making it the largest export in emerging markets next to Mexico, according to data collected by “Bloomberg”. Also read: Saudi Arabia is on the list of monitoring of the JP Morgan index for government bonds in emerging markets, and the increase in bond sales from the Middle East comes in light of the decline in oil and gas prices, which caused the financial deficit among many governments. Bahraini bonds provided total returns exceeding 10% this year, and despite the concerns of investors about the country’s high financing needs, they are eager to take advantage of the high returns and pressure risk differences in most of the emerging markets. The traditional ties of Egypt surpassed its instruments, the Islamic sukuk of Egypt fell this year, at a time when the emerging markets achieved the profits that drove the dollar twice. The country’s instruments owed in February 2026 fell 1.8%, but they gave investors a total return of 6.2% thanks to generous interest payments. As for the traditional effects denominated in dollars, its performance was better, as it offered investors a total of 17% this year.