Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Investors were eager to tender their bonds despite initial resistance
Inclusion of a variable rate instrument was not acceptable to official creditors
Oil producer's cost of funding has fallen hundreds of basis points since February
Sovereign's Eurobond began about 40bp back of fair value, said leads
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South Africa’s Democratic Alliance (DA) has sent a freedom of information (FOI) request for full terms of a $2.5bn-equivalent loan from China to utility Eskom, with the official opposition party fearing a potential loss of ownership of the company to its Asian creditors. -
China lays out even more ambitious plans for lending, trading and investment in Africa at a summit in Beijing this week, the American Chamber of Commerce in Hong Kong (AmCham HK) makes political and economic agenda recommendations to the city’s government, and Hong Kong Exchanges and Clearing asks market participants to be ready for the implementation of investor ID on the Stock Connect.
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Renaissance Capital has hired a new director for its DCM team as part of the bank’s expansion of its capital markets business in Africa.
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Lenders have been “very significantly” scaled back in a $1bn loan for Egyptian General Petroleum Corp (EGPC), as demand for the pre-export finance deal far surpassed the cross-border trade linked to the loan’s structure.
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South African precious metals mining company Sibanye Stillwater has launched a tender process to repurchase some of its high yield and convertible bonds.
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The UK has announced an up to £750m export credit line to Nigeria, at a time when loans bankers say that sub-Saharan Africa names are tricky to finance.
