Africa
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Oversubscribed sale bodes well for the retail group's IPO of Boxer, seeking to raise R6bn-R8bn by end of the year -
The market has expected a new bond from Nigeria all year, but yields are high
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China is a major creditor, but observers hope that may not be as big a problem as elsewhere
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Investors dislike the lower transparency and liquidity inherent in private placements
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African sovereign is an infrequent visitor to the international bond market
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Emerging market governments have to placate the markets and their citizens
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Governments on the continent face a tricky time balancing needs of population with demands of overseas lenders
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Ainsley Holdings, under the rocked Steinhoff International — now called Ibex — sheds a 13.6% stake in Pepkor
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Lenders tipped to ‘review and increase’ credit lines to the country after coalition government formed
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Two parties, diametrically opposed on many key issues, have joined forces to run South Africa
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Yields are too high to issue at a reasonable cost, and a drought means a rally is unlikely
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Some believe the issuer paid more by going private
