Africa Bonds

The European corporate bond market had already seen plenty of fireworks by Wednesday but there was no let-up on Thursday.

Zambia has its work cut out on a seven day roadshow that began on Thursday. The sovereign is planning a second dollar Eurobond, but will have to convince investors it has a solution to its deteriorating finances in order to avoid offering a hefty yield, said analysts.

Bank issuance from Poland and Abu Dhabi has kept CEEMEA bond supply going this week, while Mexico’s Cemex tapped the euro and dollar markets.

Zambia has its work cut out on a seven day roadshow that starts on Thursday. The sovereign is planning a second dollar Eurobond, but will have to convince investors it has a solution to its deteriorating finances in order to avoid offering a hefty yield, said analysts.

Standard Chartered has launched Islamic banking services in Kenya, under its Saadiq brand.

Three years after civil war again broke out in the country, Ivory Coast has released a request for proposals for a new dollar bond.

Ivory Coast note holders have had a volatile time since the country first issued Brady bonds in 1998, as the country struggled through two civil wars lasting a decade. On the brink of a new Eurobond from the country, GlobalCapital Emerging Markets recaps.

Private placement investors eager for a yield pick-up are hunting deals from African Bank and similar names, according to medium term note bankers. Interest has increased in recent weeks despite emerging market volatility.

Ivory Coast note holders have had a volatile time since the country first issued Brady bonds in 1998, as the country struggled through two civil wars lasting a decade. On the brink of a new Eurobond from the country, GlobalCapital Emerging Markets recaps.

Three years after civil war again broke out in the country, Ivory Coast has released a request for proposals for a new dollar bond.

Investors eager for a yield pick-up are hunting deals from African Bank and similar names, according to medium term note bankers. The borrower took advantage of the demand to print its second ever private placement in dollars on Monday.

Syndicate bankers are primed for a busy period in dollars next week following the smooth execution of four benchmarks in the currency this week despite uncertainty and volatility caused by the situation in Ukraine.