Africa
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About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps -
Books were nearly double the $300m deal size
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It has been nearly three years since last corporate bond debut on the continent
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Year's first African bank bond is performing strongly in the secondary market
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Ecobank's Nigerian unit recently secured breathing room from bondholders on capital ratios
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Investors want to lock in high coupons, though still prefer the top ranks of the sub-IG universe
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Burst of ECM action in South Africa and Poland
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High yield corporate bond issues in CEEMEA, outside Turkey, are hard to come by
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Vukile Property Fund raises primary capital to buy Portuguese shopping malls, block trades expected to dominate South African ECM
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US oil company gains following from traditional EM buyers and US high yield investors
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Cocobod makes plans to be less reliant on annual syndicated facility
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South African mining firm raised €500m through triple tranche green loan to fund Finnish lithium project
