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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Puma Energy made a strong start for non-financial corporate issuers on Monday, making full use of investor familiarity with the credit — and some excess cash — to make its $750m market return.
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Puma Energy has returned to the debt markets to redeem its outstanding 2021s and in doing so will provide investors with a nice lump of cash to reinvest in a new offering of debt. -
The poll is open for GlobalCapital’s Equity Capital Markets Awards for 2017 and we invite market participants to have their say on the best performers of last year.
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After spooking the market with allusions to debt ‘renegotations’ earlier this week, the Angolan Ministry of Finance has issued a statement saying it “stands behind all the debt obligations to its lenders.” It added that it will look to buy back its short term debts, while looking to obtain better terms on long term debts.
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Emerging market borrowers will front-load their funding tasks in 2018, according to several EM bankers who are predicting a busy month.
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Angola left emerging market fund managers confused on Wednesday, after announcing that it was looking to renegotiate the terms of its outstanding external debt. But while the news initially filled the buy-side with dread, analysts believe that the sovereign is referring to a renegotiation of its bilateral debt, though a Eurobond restructuring is still possible.
