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GC Asia
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Two EM deals pulled in a week, but last chance market open, say investors
Two EM bond issuers beat hasty retreats from the primary market this week. But despite the challenges the pair faced, bankers and investors believe the market is open for borrowers looking to pick up a bit of funding ahead of what is expected to be a tortuous US election. Lewis McLellan reports.
22 Oct 2020 -
FBN demonstrates African banks still have market access, despite local volatility
First Bank of Nigeria became the first African bank to print a eurobond in 2020 on Tuesday, raising $350m despite a turbulent backdrop in Nigeria.
21 Oct 2020 -
‘Trailblazing’ Egypt issues first sovereign green bond in MENA
Egypt this week became the first sovereign issuer in the Middle East and North Africa to issue a green bond. The deal had been delayed by the coronavirus pandemic, bankers said, but it gained considerable traction from investors when it was finally brought to market.
01 Oct 2020 -
Egypt USD750m 5.25% Oct 25 green bond
01 Oct 2020 -
African bank duo tap lenders despite higher costs
Trade and Development Bank and Standard Bank, have approached lenders to raise syndicated loans, despite the sort of price widening that has pushed many borrowers away from the loan market this year.
01 Oct 2020 -
Banks double down on digital
Egyptian lenders are strongly capitalised, ensuring they are well placed to build for the future. Many are now looking to deliver more of their services digitally in the future.
30 Sep 2020 -
A position of strength
Commercial International Bank (CIB) is well placed to prosper, despite some challenging global conditions. CIB chairman and managing director Hisham Ezz Al-Arab explains the bank’s strategy.
30 Sep 2020 -
Egypt: a magnet for foreign investment
The country has made itself a beacon for overseas investors, compelled by favourable incentives and a large and dynamic domestic market.
30 Sep 2020 -
Economy feels the impact of reform effort
Egypt was the only regional economy to have seen its credit ratings remain stable during the Covid-19 pandemic. This underscores the impact that a series of economic reforms are having.
30 Sep 2020 -
Cocobod’s borrowing costs climb
Ghana Cocoa Board (Cocobod), the central organisation of Ghana’s cocoa industry, has raised its annual syndicated loan. But the borrower did not have an easy ride and had to concede much higher margins, according to bankers.
30 Sep 2020
