AFC boosts Swissie exposure, nabbing negative NIP

Africa_28Feb2017_Fotolia_230x150
By Ross Lancaster
19 Nov 2019

Africa Finance Corporation (AFC) increased its Swiss franc debt stack on Tuesday, pricing a Sfr200m ($202m) four-year bond that was double the size of its last outing in the market.

After being mandated on Monday, bookrunners Credit Suisse and Renaissance Capital announced the deal on Tuesday morning. They gave initial price thoughts in a 115bp-120bp range over mid-swaps. On the back of investor feedback, the leads then announced a Sfr100m minimum deal size and saw books surpass ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.