Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The company's curve has massively outperformed the South African sovereign this month
Like Angola's, yields on Sasol bonds have fallen since the Middle East war began
Higher prices and concessions mean many issuers will wait for better days
Trade the first corporate deal in CEEMEA since the war in the Middle East began
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Nigeria is offering around a 30bp premium at price talk for its first diaspora bond as deal watchers asked whether it will really be able to attract $300m of retail investment. -
EM investors have had plenty to play for this week with a boost to Turkish GDP buoying support for Yapi Kredi, and more Russian supply. Qatar remains one to watch however, though the country’s fundamentals have not changed.
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Afreximbank had taken books of $2bn for its new seven year note on Tuesday morning as the bid for African credit gathered pace.
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Sibanye Gold, one of the largest South African gold mining companies, has raised R13.5bn ($1bn) to refinance its acquisition of Stillwater in the US, after its rights issue was multiple times oversubscribed.
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Investec Bank launched a $300m two year term loan this week to refinance a three year facility signed in February 2015. The deal comes after Moody's downgraded South Africa's five biggest banks on Monday, following the sovereign downgrade last Friday.
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Systemic corruption, excessive reliance on the courts, and risk of judicial overreach will erode institutional strength, and weigh on growth in South Africa, said Moody’s on Friday as it lowered the country’s rating to Baa3 from Baa2.
