Longer-dated dollar bonds of Egypt rose by over 4% yesterday, just a day after their central bank governor Tarek Amer resigned. He resigned one-day prior to Egypt’s interest rate setting meeting where most economists expected the third rate hike of 2022 to combat inflation. However, the central bank decided to keep overnight rates unchanged, just hours after President Abdel Fattah al-Sisi appointed Hassan Abdalla as its interim governor. Annual inflation hit 13.6% in July, its highest in over three years.
Recent Posts
- May 2023: Bond Rally Stalls With 79% of Dollar Bonds in the Red
- Fed Speakers Hint at Rate Pause in June; Macro; Rating Changes; New Issues; Talking Heads
- Vedanta Repays May and June Debts; Secures $200mn Loan from Trafigura
- Tata Motors Launches Tender Offer to Buy Back Up to Half of its $250mn 5.75% 2024s
- BCT’s Offshore Bonds Rally As World Bank Moves to Restore Tunisia Aid Program
Archives
Categories
REGISTER FOR A FREE TRIAL

- Two-way Bond Prices
- Portfolio Analytics
- Bond Market News
- New Bond Issue Alerts
- Bond Screener
- Bond Prices
- Bond Market News
- New Bond Issues