Africa private placements set to boom
Banks are receiving more and more reverse enquiries for MTNs and the smaller sizes and potentially less onerous documentation would suit many African issuers better than benchmark funding at this stage. The combination of these factors means that African MTN issuance is set to boom in the next six to 12 months, said Matt Duggan, a syndicate official at Absa/Barclays in Johannesburg.
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