Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Benin is one step closer to issuing a planned Eurobond after Standard & Poor’s gave it a B+ foreign currency sovereign credit rating on Friday. The West African issuer had sent out a request for proposals (RFP) for a bond back in April. -
Creditors to retailer Steinhoff have agreed to give the scandal-hit company an extra three weeks to provide a debt restructuring plan, two days after the company said it would not be able to hammer out a deal in time for the initial June 30 deadline.
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Scandal-hit retailer Steinhoff International Holdings has asked its creditors for a three week extension to hammer out the final terms of a multi-billion euro debt restructuring.
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Nigeria’s Indorama Eleme Fertilizer & Chemicals has taken $1bn in debt financing, in the second use of the International Finance Corporation’s Managed Co-Lending Portfolio Programme in a week.
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Absa Bank and Rand Merchant Bank are selling a 2.9% stake in Shoprite, the South African food retailer, as part of a derivative transaction with Christo Wiese, chairman of Shoprite and former chairman of Steinhoff International.
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The Islamic Development Bank has been meeting investors and banks in Europe to explore the possibility of launching its first public sukuk issue in euros. A labelled green sukuk might follow.
