Africa
-
Kenya has signed a $1bn loan, an increase on the initial launch amount, with around 20 banks, said a banker on the deal. -
The Eastern and Southern African Trade and Development Bank (PTA Bank) made a rapid return to the US dollar market on Thursday with a tap of its March 2022s.
-
The Eastern and Southern African Trade and Development Bank (PTA Bank) returned to the dollar market on Thursday morning with a reopening of its March 2022s.
-
Life Healthcare, the South African private hospitals group, has completed its R9bn ($673m) rights issue to reduce its debt after completing its acquisition of Alliance Medical Group in the UK, despite political turmoil during the subscription period.
-
Afreximbank has mandated 14 banks to syndicate a $700m loan, a little over a week after securing a Samurai facility of around $100m.
-
-
Petra Diamonds cut through a rough period for South Africa to print a $650m five year bond this week — but the deal is not evidence that the market is open to all borrowers from the country as Petra outshines the rest, said bankers.
-
Africa Finance Corporation was on track to print a seven year bond on Thursday and had taken orders of $1.9bn on Thursday morning.
-
Petra Diamonds became the first South African issuer to test the markets in the wake of an aggressive cabinet reshuffle that saw the dismissal of respected finance minister Pravin Gordhan last week.
-
Even as South Africa and Halkbank prove that idiosyncratic risks are ever present in in emerging market bonds, conditions remain beyond syndicate bankers wildest dreams. That is good news for the bulging pipeline.
-
The Treasury of South Africa has taken to Twitter to save its investment grade status. But adopting a Donald Trump approach to global communication, while passing responsibility for its credit rating to its citizens, does nothing to help South Africa’s credibility.
-
South Africa’s Treasury has urged the country's citizens to help the government protect its investment grade (IG) status after S&P placed the sovereign on negative watch on Monday.
