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GC Asia
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Rwanda mandates for return after eight year hiatus
The Republic of Rwanda is set to return to the international bond market for a dollar bond, joining a club of sub-Saharan African sovereigns that have taken advantage of attractive funding conditions in recent weeks.
12.00 PM -
Tunisia bonds fall as ‘coup’ sends shockwaves
A decade after the Arab Spring erupted in Tunisia, the country has found itself once again in the throes of a political crisis, sending shockwaves through investors. The president’s abrupt seizing of executive power — which some have labelled a coup — poses yet another challenge for the country, though some said there may be buying opportunities on the horizon.
26 Jul 2021 -
Nigeria bond on horizon as appetite remains for HY EM
Bond market participants are eagerly anticipating a trade from Nigeria in the coming weeks, which would be the seventh sub-Saharan African sovereign new issue since the start of the year, with issuers making the most of the hunger for high yielding credits.
20 Jul 2021 -
Benin launches SDG debut amid doubts over sustainability of HY EM issuance
The Republic of Benin launched its debut SDG (Sustainable Development Goals) bond in its second international offering of the year, following a two year hiatus. Market participants say although deals like Benin’s are getting over the line, concerns are brewing over the sustainability of high yield sovereigns tapping investors so freely.
15 Jul 2021 -
Domestic unrest throws SA market access into question
South Africa, historically one of the continent’s most favoured issuers, has come under intense investor scrutiny as it faces a wave of domestic unrest.
14 Jul 2021 -
Benin back in bonds with rare ESG African sov mandate
The Republic of Benin plans to be the first sub-Saharan African sovereign to tap the international bond market twice in 2021. The sovereign this week intends to sell a bond with a sustainability feature, making it one of the first in the region.
13 Jul 2021 -
South Africa banking head leaves Barclays
Simon Denny, whom Barclays hired as head of banking for South Africa in 2019, is no longer with the firm.
13 Jul 2021 -
Investor frustration as EM debt restructuring debate drags on
As the debate over emerging market debt restructuring rages on, market participants have expressed their frustration at the lack of clarity over the outcomes.
08 Jul 2021 -
Investec leaps into SLL market with oversubscribed facility
The London branch of South African lender Investec has successfully debuted in the sustainability-linked syndicated loan market.
08 Jul 2021 -
Cameroon EUR685m 5.95% July 32
01 Jul 2021
