Africa Bonds

Record issuance volumes met insatiable investor appetite to lock in yields before rate cuts bite, resulting in tight pricing across bonds and sukuk, writes George Collard. An already healthy market shifted up a gear from September as order books swelled and issuance accelerated, especially of sukuk

Company’s trading has been dislocated from Angola’s sovereign bonds

Deal comes amid Trump ire, with G20 meetings a flashpoint

Tier two printed flat to fair value, says lead

Wide range of fair value proposed for South African corporate deal

Tight theorhetical senior to sub differential expected on $150m deal

The yield was one of the highest for a sovereign dollar bond this century

Deal will be the first 20 year dollar trade from a CEEMEA sovereign this year

Information sharing between creditors is needed if debt restructurings are going to speed up

The parties failed to reach a deal to restructure Ethiopia's only Eurobond, despite a haircut offer

Orders peaked at over three times the issue size

Falling oil prices and lower production are hurting Angola's weak public finances