Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Observers have questioned why the country is issuing debt at this price
The seven year dollar bond's yield will likely be one of the highest in CEEMEA in the last few years
The familiar problem of inter-creditor opacity has also reappeared
Company in 'no doubt' a public trade would have delivered better pricing
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Barclays Africa was on track to make it two South African tier two bonds in a week on Wednesday, and began pricing by offering a pick-up to rival FirstRand. -
The CEEMEA bond market has proved resilient to the asset price crippling effects of the latest US sanctions against Russia with little evidence contagion. A steady stream of new issues this week confirmed that it is business as usual in the bond markets.
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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.
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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.
