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Africa

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The subordinated debt premium was smaller than that offered by some other EM hybrid issuers
At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
The company is the only corporate issuer in North Africa, making it popular for investors
The company should benefit from a rise in fertiliser prices due to the Iran war
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  • Mann+Hummel struggles in Schuldschein market amid splurge in auto trades — Bureau Veritas returns to USPP market — Seplat turns to loans for Eland buy — Endava swaps to syndicated sterling borrowing — Bravida refis revolver, eyes more buys
  • Libya’s central bank governor, Saddek Elkaber, tells GlobalMarkets that his country has had to box clever when it comes to development finance
  • SSA
    Multilateral development banks including the International Finance Corporation and those covering Latin America and African have been accused of funding schemes that lead a loss of tree cover despite their environmental pledges
  • SSA
    In a rare interview, the head of the New Development Bank set up by the Brics nations, KV Kamath, tells GlobalMarkets of his vision of attracting a host of new members that his finance director believes will lead to lending volumes quadrupling within less than a decade
  • Heavy debt burdens are forcing African countries to either renegotiate loan terms with China, or ask for debt forgiveness, with some blaming China’s lack of attention to debt sustainability.
  • Banque Ouest Africaine de Développement (BOAD) was able to tighten pricing beyond guidance on a 12 year bond, one of its longest dated issues, this week.