Africa Bonds

Nigeria is not planning to tap the international debt capital markets in 2015, but its next conventional dollar bond will likely be a 30 year and the country is also considering other markets such as Asian currencies and sukuk, Abraham Nwankwo, director general of the country’s debt management office told GlobalCapital.

Having used the proceeds of its recent landmark sukuk deal for pre-funding its 2015 borrowing requirement, South Africa is only planning to issue $1bn in the international debt capital markets next year.

Egypt's Euroget de Invest failed to price its inaugural Eurobond on Wednesday despite widening price guidance to 12%.

Anthony Julies will take over as the South African National Treasury’s head of asset and liability management before the end of the year.

Egypt's Euroget de Invest, has widened price guidance to 12% yield for a $258m bond, proceeds of which will be used to build nine hospitals in Ghana. The deal is expected to be priced on Wednesday with books going subject at 10am in New York.

Global Investment firm Franklin Templeton is making three Shariah compliant funds available to South African investors, in order to take advantage of the country’s growing appetite for Islamic investments, the company’s country manager for Africa told IFIS.

South African telecoms company MTN built a $3bn book for a $750m 10 year bond on Monday. Leads printed the maximum size that the company was considering as emerging market and investment grade buyers scrabbled for the diversification that the debut name offered.

South African telecommunications company MTN built a $3bn book for its $750m 10 year bond on Monday. Leads printed the maximum size that the company was considering as emerging market and investment grade buyers scrabbled for the diversification the debut name offered.

South African telecommunications company MTN has released price talk for its benchmark 10 year dollar bond at 240bp area over mid-swaps.

Afreximbank printed a $200m tap of its $500m 4.75% 2019s on Wednesday from a $475m book. The note was sold at a 10bp-15bp new issue premium.

Afreximbank printed a $200m tap of its $500m 4.75% 2019s on Wednesday from a $475m book. The note was sold at a 10bp-15bp new issue premium.

Afreximbank has tightened price guidance for a tap of its $500m 4.75% 2019s to 310bp-315bp over mid-swaps. A syndicate official away from the deal said that this equates to a 10-15bp premium over the pre-announcement trading level of the outstanding bond, which he called fair.