Africa Bonds
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Standard Bank filled its vacant head of DCM post with a hire from JP Morgan after Megan McDonald was promoted to head of international investment banking last year. -
Royal Bafokeng Platinum raised R1.2bn ($92m) on Wednesday with its first convertible bond, as it ramps up its investment again after a recovery in the platinum price.
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It has been all about sub debt in CEEMEA this week, as a trio of borrowers took advantage of investor appetite for yield to boost their capital bases.
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The Eastern and Southern African Trade and Development Bank (PTA Bank) raised $500m of five year funding at a yield of 5.5% on Tuesday after attracting more than $2.2bn of orders.
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The Eastern and Southern African Trade and Development Bank (PTA Bank) set initial price thoughts for a new five year dollar bond on Tuesday morning.
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Helios Towers Africa (HTA) saw its debut dollar bond more than three times oversubscribed on Wednesday as investors jumped at the chance to take in paper yielding more than 9%.
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Helios Towers Africa (HTA) saw its debut dollar bond more than three times oversubscribed on Wednesday as investors jumped at the chance to take in paper yielding more than 9%.
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Helios Towers Africa emerged with pricing for a debut dollar deal on Wednesday after wrapping up an eight day global roadshow.
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The Eastern and Southern African Trade and Development Bank (PTA Bank) has announced plans to meet investors this week ahead of a potential dollar bond market return.
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Last year was a record in terms of number of downgrades of emerging market sovereigns, with another four added this year — Turkey, Mozambique, El Salvador and Costa Rica. But Société Générale on Friday became the latest firm to criticise the ratings agencies for their pessimism.
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Tunisia’s first Eurobond since 2005 demonstrated a firm show of support for a borrower which acknowledges it still has many issues to address – social, political and economic. But despite the deal’s success, Finance Minister Lamia Zribi said that Tunisia is keen to issue aid-backed bonds in future, in order to keep costs down.
