Africa
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A solid order book showed corporate investors will buy but other issuers may not fancy paying a coupon near 9% -
South African bank paid slightly wider margin than last year
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The company's coal usage will preclude some investors but many will prefer to engage than not
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Primary market is opening up to a wider range of credits
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‘EM risk is back in vogue,’ say market participants after FIG flyer
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Mauritius Commercial Bank's deal fails to tighten from initial guidance
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A trio of very different bond issuers issuers have spotted an issuance window
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There would still be hurdles and an agreement may even make defaults more likely
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North African sovereign draws big order book but investors more worried about reliving 2022
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“Rumours of the demise of the EM market have been greatly exaggerated”
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Both tranches from the rare issuer tighten by 25bp
