Capital Markets News
The nation is in the process of reorganizing the stock market in a bid to trigger greater efficiencies
The $450million credit facility includes a 3-year $150 million unfunded risk participation agreement or guarantees and a 4-year $300 million for trade finance.
The nation which is the youngest sovereign nation in the world joined the trade finance multilateral institution as a participating state.
The MoU will support SMEs growth by facilitating access to capital.
The MoU will promote Islamic capital markets products and initiatives.
After floating EGP, forex inflows to the equity and debt markets have been growing.
This is the first US dollar Sukuk to be issued by an African multilateral institution
Pension schemes can now invest in all exchange traded derivatives and Reits.
The bond is expected to be issued by June 2017 and mature for a period of five to seven years.
The fund will be used to finance new projects in member nations.