Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Hunt is on for ready issuers after bond prices recover
Senegal bonds are trading at distressed levels and there is a risk of restructuring
UK and South Africa firms to collaborate on equity research, trading and advisory
Company signed inaugural facility for $175m in 2024
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Consol, the glass bottle maker, moved ahead with its IPO on Monday by setting a price range. It is hoping to return to the Johannesburg Stock Exchange (JSE) at a positive moment for South Africa. -
South Africa’s FirstRand Bank issued the first Basel III compliant tier two bond from the country on Monday, as South Africa’s banks look to capitalise on improving sentiment towards the country to diversify away from a ready domestic market.
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FirstRand Bank was on track to open the market for South African tier two issuance ahead of Barclays Africa, which is lining up a trade for later this week.
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Growthpoint, the Johannesburg-listed property company, is returning to the market after its deal was derailed last December by the fall of retail giant Steinhoff.
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The South African equity market got the trade it had been waiting for this week when Steinhoff International, the embattled retail conglomerate, sold a portion of its stake in Steinhoff Africa Retail, the African subsidiary it span off last year, to raise funds to reduce its debt.
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Equities bankers are trumpeting a wave of new enthusiasm for Africa and two new deals are set to try to capitalise on this momentum.
