Africa
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After a rough ride for Zambian loans and bonds in recent months, state-owned power firm Zesco will finally sign its delayed seven year loan this week. -
Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.
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Markit is preparing to launch what it said will be the first tradable emerging markets interest rate swap index.
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Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.
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International Finance Corp (IFC) is set to offer a funding lifeline to Nigeria’s banks after the country sought emergency loans this weekend.
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The Central Bank of Nigeria decided on Tuesday to leave its rates on hold but, despite concerns that that would create further difficulties for the economy, Nigeria’s Eurobonds rallied 30bp overnight as investors focused more on oil prices than policy decisions.
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The Central Bank of Nigeria decided on Tuesday to leave its rates on hold, but despite concerns that this will plunge the economy into further difficulties, Nigeria’s Eurobonds rallied 30bp over-night as investors focus more on oil prices than policy decisions.
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Nigeria will have to pay a yield of over 9% to access the international markets as it plans its first Eurobond for three years, according to Exotix.
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Renaissance Capital has opened a new office in Cape Town, South Africa.
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South Africa has strong links to the rest of the continent and a ready-made hub in Johannesburg’s business district. But is it doing enough to fulfil its potential? Chris Wright reports
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South Africa’s well capitalised banks are profitable despite strong economic headwinds, but obstacles remain as the country’s financial institutions look for long-term and stable sources of funding. Tyler Davies reports.
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A strong institutional investor base, high liquidity and a wide variety of instruments make South Africa’s domestic bond market one of the most sophisticated in the developing world. Lucy Fitzgeorge-Parker reports.
