Africa Bonds

Growthpoint, the Johannesburg-listed property company, is returning to the market after its deal was derailed last December by the fall of retail giant Steinhoff.

Egypt paid a generous spread to access euros on Monday, during a volatile day for emerging market assets.

Yvette Babb, a strategist in JP Morgan’s emerging markets research team, has joined NN Investment Partners.

FirstRand Bank has announced plans for a three day global roadshow ahead of a planned inaugural dollar-denominated tier two issue.

Egypt opened books on its debut dual tranche euro issue on Monday, following investor meetings in Europe last week.

Three CEEMEA issuers are embarking on roadshows — the Arab Republic of Egypt, Sharjah Islamic Bank and Kazmunaygaz.

South African bonds started the week on an upbeat note following Moody's announcement on Friday that it would not remove the country’s last investment grade rating.

Republic of Mozambique met bondholders in London on Tuesday to lay out the long awaited terms of a restructuring package. It was more severe than anticipated and a group representing bondholders rebuffed the offer.

Republic of Mozambique met bondholders in London on Tuesday to lay out the terms of a long awaited restructuring package that was more severe than anticipated by one analyst in London. Analysts do not expect bondholders to accept the offer, but said it likely sets a floor for future negotiations.

Credit Suisse has put two emerging markets DCM bankers at risk.

Emerging market bond investors are reporting low secondary flows in a market dominated by new issues this week. And the mixed performance of those new deals is expected to weigh on investor appetite for this week’s trades.

Seplat Petroleum sold a $350m five year non-call two bond on Monday, turning down a larger trade that was available, according to a lead manager. The final print was being smaller than originally indicated.