Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Underwriting left unused after deal is 33% oversubscribed
Simbah Mutasa and Sjoerd Van Hooijdonk step up from regional leadership roles
New government is seeking an IMF deal, which will likely require a debt rework
Paying off external arrears will help get an IMF deal over the line
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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. -
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.
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Potential IPO issuers from across emerging markets are waiting for investor sentiment to calm so that they can sell new deals, but many fear that there is little chance of a renaissance for EM this year.
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Transnet is relying on the goodwill of its banks after an extraordinary auditing process at the infrastructure company triggered a document clause allowing creditors to accelerate a loan payment. The tricky situation for the South African state-owned company comes at a time when the country is rebuilding its reputation in markets after a painful year.
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Burundi-headquartered Eastern Southern Africa Trade & Development Bank has launched a $400m dual tranche loan into syndication, according to two lenders invited into the deal.
