Latest Africa Bonds news                                    go to loans   |   go to equity

  • Road to repo beckons for Ghana after TRS trade

    Ghanaian banks’ avenues for dollar funding could be set to grow, after one of the country’s financial institutions entered into a total return swap with Société Générale that soothed over bottlenecks in its repo markets.

    • 17 Jan 2019
  • SocGen closes first Ghanaian cross-currency TRS

    Société Générale has entered into a $40m cross currency total return swap with Fidelity Bank, the Ghanaian lender, in a trade that participants hope will unlock Ghanian cedi-denominated securities as collateral for further dollar funding.

    • 14 Jan 2019
  • Thirteen sovereigns face first redemptions as refi costs rise

    Thirteen emerging market sovereigns will face their first bond market redemptions over the next seven years and, with financing conditions set to become more difficult, market participants are watching them carefully.

    • 10 Dec 2018
  • $2tr EM maturity wall looms as markets worsen

    The party looks to be over in emerging market bonds leaving borrowers with one heck of a funding hangover. Years of low rates have prompted a debt splurge from borrowers able to fund at ever lower coupons. But just as dollar rates are on the increase, those credits are racing towards a $2tr maturity wall and the problem of how to refinance it in a market that has presented clear symptoms of risk fatigue this year shows no sign of abating. Lewis McLellan and Francesca Young report.

    • 06 Dec 2018
  • Brexit’s DCM brain drain begins as banks get moving

    The next few months in the run-up to Brexit will bring upheaval for debt capital markets and syndicate teams at London’s investment banks, as they work out which roles will have to be done from the European Union and which staff to move. But the pressure will not cease on March 29, as national regulators have considerable scope to compel banks to relocate jobs. Jon Hay reports.

    • 22 Nov 2018

Africa news archive

Latest Africa Loans news                 bonds | equity

  • Mauritius Commercial Bank offers lenders brief refi respite

    Mauritius Commercial Bank is looking for a syndicated loan, in a rare deal to pass across London desks so far this month that is not a refinancing exercise.

    • 16 Jan 2019
  • Chexim guarantee helps Afreximbank borrow as Chinese inflows rise

    African Export-Import Bank has closed a $500m five year term loan, it announced on Wednesday, partly guaranteed by the Export-Import Bank of China. The presence of a mainly Asian syndicate has sparked discussion about the continually increasing Chinese capital flowing into Africa.

    • 10 Jan 2019
  • Nigeria loan market prospects divide opinion

    Pessimism hangs over Nigeria's chances of entering the loan market in 2019 as the country battles an economic slowdown, a commodity slump and political uncertainty. But not all loans bankers are so glum about the chances of Africa's most populous nation and biggest oil producer raising debt from international financiers.

    • 07 Jan 2019
  • AFC raises $300m facility

    Africa Finance Corp has raised a $300m loan facility from a consortium of international lenders.

    • 03 Jan 2019
  • Tanzanian solar company ZOLA lands RCF

    ZOLA Electric, formerly Off Grid Electric, has raised a $32.5m credit facility with development bank, FMO, and investment firm, Symbiotics.

    • 11 Dec 2018

Latest Africa Equity news                 bonds  |  loans

  • Old Mutual sells R1.3bn of Nedbank shares after unbundling

    Old Mutual has launched a sale of shares in Nedbank Group Ltd, one of South Africa’s largest banks, on behalf of some of its investors who could not receive them as part of the bank’s unbundling from the Old Mutual Group, which was announced last month.

    • 17 Oct 2018
  • Hassan Allam preps listing in London and Eygpt

    Hassan Allam, the Egyptian construction firm and utilities firm, intends to list shares on both the local Egyptian Exchange and in London through the sale of global depository receipts.

    • 08 Oct 2018
  • Cipla IPO could tempt other African issuers to go local

    The flotation of Cipla Quality Chemical Industries (CiplaQCIL) on the Ugandan stock exchange could persuade fellow African issuers to follow suit.

    • 18 Sep 2018
  • Investec to list asset management arm

    Shares in Investec, the Anglo-South African banking group, rose 8.7% on Friday after it announced that it had decided to spin off and list its asset management unit, following a strategic review.

    • 14 Sep 2018
  • Perfect storm for EM puts IPOs on the backburner

    Potential IPO issuers from across emerging markets are waiting for investor sentiment to calm so that they can sell new deals, but many fear that there is little chance of a renaissance for EM this year.

    • 29 Aug 2018

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 3,705.23 12 10.62%
2 Citi 3,698.70 16 10.60%
3 HSBC 3,448.17 16 9.88%
4 BNP Paribas 2,961.10 5 8.49%
5 Barclays 2,042.22 4 5.85%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 662.55 1 20.53%
1 Barclays 662.55 1 20.53%
1 Bank of America Merrill Lynch 662.55 1 20.53%
4 Scotiabank 413.44 1 12.81%
4 JPMorgan 413.44 1 12.81%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,712.17 3 16.56%
2 JPMorgan 2,290.37 4 13.99%
3 Citi 2,279.79 4 13.92%
4 HSBC 1,890.25 4 11.54%
5 Saudi National Commercial Bank 1,604.15 2 9.80%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 5,496.41 35 13.64%
2 ING 3,270.62 26 8.11%
3 Credit Agricole CIB 2,586.69 11 6.42%
4 SG Corporate & Investment Banking 2,315.39 17 5.74%
5 MUFG 2,167.80 12 5.38%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 State Bank of India 413.47 3 15.63%
1 Standard Chartered Bank 413.47 3 15.63%
1 Citi 413.47 3 15.63%
4 DBS 263.05 2 9.94%
5 Barclays 233.66 2 8.83%