Africa
-
OCP and Sisecam dual tranche dollar deals fly, Kuwait International Bank sells AT1
-
Deals are expected to go well, as investors have requested more of the paper
-
The fuel supplier has earned multiple rating upgrades thanks to liability management exercises
-
Tweaking the deal to meet IMF’s debt criteria may not take long
-
Lack of progress on debt restructuring has been scaring investors away from EM bonds
-
Bondholders take bigger upfront haircut in return for more lucrative VRI some say will punish Zambia
-
Bondholders have pushed for variable rate instruments, but governments are reluctant
-
The victorious opposition has already backtracked on some of its more worrying plans
-
Development finance institution gains new lenders with oversubscribed loan increased to $1.6bn
-
Yields on Egypt bonds have returned to the 10% area that can allow primary market access
-
◆ Kenya deal ducks default but two more countries in crosshairs ◆ Transition finance after historic Japanese bond sale ◆ How the IPO revival is a boon for the loan market
-
Egypt and Tunisia are in a stickier state than Kenya but investors expect them to survive near-term