Sources at National Bank of Egypt (NBE) said the Bank's investments in corporate and government bonds were increased to EGP 67 billion; EGP 66.28 billion of government bonds and EGP 528 million are for corporate; most notably of which are Ezz Steel bonds. The total volume of banks' investments in bonds registered EGP 240 billion at the end of last February, according to Central Bank of Egypt's report. Amwal Al Ghad reported exclusively the full details about the bonds in which NBE is investing. Most of the corporate bonds are of Ezz Steel Company due to the Bank in December 2011 with 11.50% interest, in addition to bonds of International Company for Leasing (Incolease), bonds of Contact Securitization Company, bonds of Tameer Securitization Company, the first and second segments of bonds of New Urban Communities Authority, the first, second and third segments of bonds of Al Tawfeek Securitization Company and sixth issue of the first, second and third segments of bonds of Contact Securitization Company. Return on bonds of Ezz Steel and International Company for Leasing are the highest of returns of corporate bonds, registering 11.50% and 11% respectively. The government's bonds in which NBE participates are mature in 40 installments; the first was in August 2011 and the last will be in January 2025. Interest rates on government bonds in which NBE participated in covering vary from 6.88% on bonds mature in October 2015 to 11.63% on bonds mature in November 2014. Amwal Al Ghad was informed that NBE bought government bonds of EGP 1.125 billion which are used to increase the issued capital of the Bank to EGP 5 billion, to be mature in mid-March 2013. Sources expected the Bank to expand in covering government bonds predicted to be launched in the upcoming period to finance the general budget deficit that registered EGP 140 billion in the current fiscal year. Sources ruled out that the government will launch in the current period bonds whether Egyptian pounds or US dollar bonds, after international credit rating agencies have lowered Egypt's rating, reflecting the low demand from international financial institutions on these bonds because of the political turmoil and security lax Egypt has been witnessing since last year's revolution. Table showing NBE's share in Government Treasury Bonds “in million" Bond Amount Bonds numbers Due Date Treasury Bonds August2012 2.902.857.000 2.902.857 11/ 8 / 2012 Treasury Bonds September2012 156.852.000 156.852 20/ 9 /2012 Treasury Bonds January2013 380.288.000 380.288 24 / 1 /2013 Treasury Bonds January2013 2.695.072.000 2.695.072 5 / 1/ 2013 Treasury Bonds April2013 3.105.826.000 3.105.826 6 / 4/ 2013 Treasury Bonds July2013 3.624.402.000 3.624.402 6 / 7 /2013 Treasury Bonds July2013 3.140.000.000 3.140.000 26 / 7/ 2013 Treasury Bonds July2013 2.945.356.000 2.945.356 28 /7 / 2013 Treasury Bonds September2013 2.053.650.000 2.053.650 29 / 9 / 2013 Treasury Bonds October 2013 3.464.482.000 3.464.482 5 / 10 / 2013 Treasury Bonds November2013 1.360.092.000 1.360.092 13 / 11/ 2013 Treasury Bonds November2013 530.000.000 530.000 24 / 11 / 2013 Treasury Bonds January2014 207.560.000 207.560 18 / 1 / 2014 Treasury Bonds February2014 912.495.000 912.495 19 / 2/ 2014 Treasury Bonds February2014 1.849.548.000 1.849.548 10 / 2 / 2014 Treasury Bonds April2014 1.554.192.000 1.554.192 14 / 4 / 2014 Treasury Bonds August2014 2.817.731.000 2.817.731 2 / 8 / 2014 Treasury Bonds September2014 150.000.000 150.000 25 / 9 / 2014 Treasury Bonds September2014 2.349.692.000 2.349.692 15 / 9 / 2014 Treasury Bonds October 2014 2.481.669.000 2.481.669 18 / 10 / 2014 Treasury Bonds November2014 606.610.000 606.610 16 / 11/ 2014 Treasury Bonds December2014 2.789.400.000 2.789.400 8 / 12 / 2014 Treasury Bonds January2015 600.000.000 600.000 17 / 1 /2015 Treasury Bonds March2015 1.372.707.000 1.372.707 2 / 3 / 2015 Treasury Bonds May2015 196.780.000 196.780 27 / 5 / 2015 Treasury Bonds July2015 2.822.919.000 2.822.919 20 / 7 / 2015 Treasury Bonds September2015 1.271.811.000 1.271.811 14 / 9 / 2015 Treasury Bonds October 2015 100.000.000 100.000 23 / 10/ 2015 Treasury Bonds November 2015 390.360.000 390.360 15 / 11 / 2015 Treasury Bonds January2016 657.245.000 657.245 22/ 1 / 2016 Treasury Bonds June2016 466.237.000 466.237 10/6/2016 Treasury Bonds June 2016 3.205.500.000 3.205.500 9/6/2016 Treasury Bonds October 2016 2.935.064.000 2.935.064 25/10/2016 Treasury Bonds January2017 600.000.000 600.000 17/1/2017 Treasury Bonds February2017 5.499.242.000 5.499.242 16/2/2017 Treasury Bonds February2018 301.190.000 301.190 12/2/2018 Treasury Bonds October 2018 354.413.000 354.413 25/10/2018 Treasury Bonds August2020 1.825.123.000 1.825.123 3/8/2020 Treasury Bonds January2025 126.500.000 126.500 18/1/2025 Treasury Bonds Capital Raise 1.250.000.000 13/3/2013
Table Showing NBE's share in Companies bonds “in millions" Company Interest (including Tax) Interest (Excluding Tax) Bond Value Due Date EZZ Steel 11.50% 11.50% 120000000 30 December2014 Incolease 11% 11% 20051853.87 31 December2013 Contact For Securitization 10.75% 10.75% 66049816.68 30 November2015 Taemeer For Securitization 8.75% 8.75% 22413750 1 May 2017 NUCA (New Urban Communities) 8.83% 8.83% 76287900 17 June 2015 Al Tawfeeq I 9% 9% 22605000 27 August2011 Al Tawfeeq II 10% 10% 100250000 1 July2013 Al Tawfeeq III 11.25% 11.25% 19047500 1 July2015 Contact For Securitization II 10.25% 10.25% 25472273.6 1 July2013 Contact For Securitization III 10.75% 10.75% 55842624 1 June 2015
