{"id":648502,"date":"2017-04-05T04:05:13","date_gmt":"2017-04-05T04:05:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/"},"modified":"2017-04-05T04:05:13","modified_gmt":"2017-04-05T04:05:13","slug":"egyptian-credit-spreads-remain-resilient-with-strong-em-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/","title":{"rendered":"Egyptian credit spreads remain resilient with strong EM demand"},"content":{"rendered":"

There is strong demand for emerging market credit with 1Q2017 primary issuance hitting <\/strong>new record high<\/strong>, according to BNP Paribas\u2019 Africa Weekly DCM Market Update<\/a>. The report shows that Egyptian credit spreads remained resilient on strong secondary trading activity. Newly issued notes tightened on a US Treasury rally, which drove Egyptian yields to trade at record lows, dropping by c.1% since issuance with the yields on notes maturing in 2022 at 5.1% those maturing in 2027 at 6.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"

There is strong demand for emerging market credit with 1Q2017 primary issuance hitting new record high, according to BNP Paribas\u2019 Africa Weekly DCM Market Update. The report shows that Egyptian credit spreads remained resilient on strong secondary trading activity. Newly issued notes tightened on a US Treasury rally, which drove Egyptian yields to trade at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648502","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cc6d0a0e-12f4-449c-b5cc-c8de8f165485","order":"0","is_powered_by":true,"section_story_id":"819240e0-5c00-4f7e-84a4-b7ab8e88ed53","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648492],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian credit spreads remain resilient with strong EM demand - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian credit spreads remain resilient with strong EM demand\" \/>\n<meta property=\"og:description\" content=\"There is strong demand for emerging market credit with 1Q2017 primary issuance hitting new record high, according to BNP Paribas\u2019 Africa Weekly DCM Market Update. The report shows that Egyptian credit spreads remained resilient on strong secondary trading activity. Newly issued notes tightened on a US Treasury rally, which drove Egyptian yields to trade at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-05T04:05:13+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian credit spreads remain resilient with strong EM demand\",\"datePublished\":\"2017-04-05T04:05:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\"},\"wordCount\":83,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\",\"name\":\"Egyptian credit spreads remain resilient with strong EM demand - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-05T04:05:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egyptian credit spreads remain resilient with strong EM demand\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egyptian credit spreads remain resilient with strong EM demand - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/","og_locale":"en_US","og_type":"article","og_title":"Egyptian credit spreads remain resilient with strong EM demand","og_description":"There is strong demand for emerging market credit with 1Q2017 primary issuance hitting new record high, according to BNP Paribas\u2019 Africa Weekly DCM Market Update. The report shows that Egyptian credit spreads remained resilient on strong secondary trading activity. Newly issued notes tightened on a US Treasury rally, which drove Egyptian yields to trade at […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-05T04:05:13+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egyptian credit spreads remain resilient with strong EM demand","datePublished":"2017-04-05T04:05:13+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/"},"wordCount":83,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/","name":"Egyptian credit spreads remain resilient with strong EM demand - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-05T04:05:13+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egyptian-credit-spreads-remain-resilient-with-strong-em-demand\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egyptian credit spreads remain resilient with strong EM demand"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":636868,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/egyptian-eurobond-yields-continue-to-drop\/","url_meta":{"origin":648502,"position":0},"title":"Egyptian eurobond yields continue to drop","author":"enterpriseam admin","date":"2 November 2017","format":false,"excerpt":"Egyptian eurobond yields continued to decline on overweight investor demand, according to the most recent Africa DCM Market Update by BNP Paribas (pdf). Our friends at the bank tell us they are seeing strong buying activity from US and UK real-money funds in the secondary market. Yields on Egyptian eurobonds\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642889,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/credit-suisse-sees-scope-for-egypts-economic-recovery-to-steadily-accelerate-bnp-paribas-notes-eurobond-yields-at-lowest-level-since-jan-17-issuance\/","url_meta":{"origin":648502,"position":1},"title":"Credit Suisse sees scope for Egypt\u2019s economic recovery to steadily accelerate, BNP Paribas notes eurobond yields at lowest level since Jan \u201817 issuance","author":"enterpriseam admin","date":"24 August 2017","format":false,"excerpt":"Credit Suisse sees scope for Egypt\u2019s economic recovery to \u201csteadily accelerate\u201d and is \u201coptimistic on the outlook for fiscal consolidation,\u201d according to a recent report (pdf). The investment bank maintains its positive outlook on fixed income, particularly short-dated T-bills, and see scope for further steady appreciation in the EGP on\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641135,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/emerging-market-bonds-supported-by-imf-reform-programs\/","url_meta":{"origin":648502,"position":2},"title":"Emerging market bonds supported by IMF reform programs","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"Bond investors are following IMF reform packages: International bond market buyers are turning to high-yield emerging market bonds whose issuers are getting support from the IMF, Selcuk Gokoluk writes for Bloomberg. \u201cThe pledge of discipline and transparency that goes along with the aid has helped make\u201d those countries the top\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/55.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575039,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/30\/sarwa-capital-unnamed-company-to-issue-egp-4-5-bn-of-sukuk-this-year\/","url_meta":{"origin":648502,"position":3},"title":"Sarwa Capital, unnamed company to issue EGP 4.5 bn of sukuk this year","author":"enterpriseam admin","date":"30 September 2020","format":false,"excerpt":"DEBT WATCH- Two corporate sukuk offerings worth a combined EGP 4.5 bn are expected to go to market this year, including Sarwa Capital\u2019s planned EGP 2.5 bn issuance and another EGP 2 bn sale from an unnamed company in the services industry, head of the Financial Regulatory Authority\u2019s Central Administration\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573005,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/sarwa-submits-prospectus-for-egypts-second-corporate-sukuk-issuance\/","url_meta":{"origin":648502,"position":4},"title":"Sarwa submits prospectus for Egypt\u2019s second corporate sukuk issuance","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"DEBT WATCH- Sarwa submits prospectus for Egypt\u2019s second corporate sukuk issuance: Consumer- and structured- finance player Sarwa Capital is preparing a single-tranche EGP 2.5 bn corporate sukuk issuance, Ayman El Sawy, managing director of Sarwa Promotion & Underwriting, told Hapi Journal. Sarwa has already submitted the prospectus for the issuance\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651908,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/the-secondary-market-likes-egypts-eurobonds-trading-tighter\/","url_meta":{"origin":648502,"position":5},"title":"The secondary market likes Egypt\u2019s eurobonds, trading tighter","author":"enterpriseam admin","date":"23 February 2017","format":false,"excerpt":"Egypt\u2019s eurobonds are doing well on the secondary market: Yields on the eurobonds Egypt sold last month have tightened by 0.5-0.6% since issuance, according to BNP Paribas\u2019 weekly debt capital markets report. This reflects tangible appetite on the secondary market as well as liquidity. The report also shows that Egypt\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648502"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648502\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648492"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648502"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648502"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}